Prospect Theory-Based Optimal Bidding Model of a Prosumer in the Power Market
This paper proposes a prospect theory (PT)-based bidding model of a prosumer in the power market. Unlike existing efforts of the bidding model that assume the rational behavior of the prosumers, the model incorporates irrationality and individual preferences to capture the prosumer-related subjectiv...
| Main Authors: | , , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
IEEE
2020-01-01
|
| Series: | IEEE Access |
| Subjects: | |
| Online Access: | https://ieeexplore.ieee.org/document/9146649/ |