Decision Making with Imperfect Decision Makers

Decision Making with Imperfect Decision Makers
Author :
Publisher : Springer Science & Business Media
Total Pages : 207
Release :
ISBN-10 : 9783642246470
ISBN-13 : 3642246478
Rating : 4/5 (478 Downloads)

Book Synopsis Decision Making with Imperfect Decision Makers by : Tatiana Valentine Guy

Download or read book Decision Making with Imperfect Decision Makers written by Tatiana Valentine Guy and published by Springer Science & Business Media. This book was released on 2011-11-13 with total page 207 pages. Available in PDF, EPUB and Kindle. Book excerpt: Prescriptive Bayesian decision making has reached a high level of maturity and is well-supported algorithmically. However, experimental data shows that real decision makers choose such Bayes-optimal decisions surprisingly infrequently, often making decisions that are badly sub-optimal. So prevalent is such imperfect decision-making that it should be accepted as an inherent feature of real decision makers living within interacting societies. To date such societies have been investigated from an economic and gametheoretic perspective, and even to a degree from a physics perspective. However, little research has been done from the perspective of computer science and associated disciplines like machine learning, information theory and neuroscience. This book is a major contribution to such research. Some of the particular topics addressed include: How should we formalise rational decision making of a single imperfect decision maker? Does the answer change for a system of imperfect decision makers? Can we extend existing prescriptive theories for perfect decision makers to make them useful for imperfect ones? How can we exploit the relation of these problems to the control under varying and uncertain resources constraints as well as to the problem of the computational decision making? What can we learn from natural, engineered, and social systems to help us address these issues?


Decision Making with Imperfect Decision Makers Related Books

Decision Making with Imperfect Decision Makers
Language: en
Pages: 207
Authors: Tatiana Valentine Guy
Categories: Technology & Engineering
Type: BOOK - Published: 2011-11-13 - Publisher: Springer Science & Business Media

DOWNLOAD EBOOK

Prescriptive Bayesian decision making has reached a high level of maturity and is well-supported algorithmically. However, experimental data shows that real dec
Decision Making and Imperfection
Language: en
Pages: 197
Authors: Tatiana V Guy
Categories: Technology & Engineering
Type: BOOK - Published: 2013-02-01 - Publisher: Springer

DOWNLOAD EBOOK

Decision making (DM) is ubiquitous in both natural and artificial systems. The decisions made often differ from those recommended by the axiomatically well-grou
Decision Making in Action
Language: en
Pages: 480
Authors: Gary A. Klein
Categories: Psychology
Type: BOOK - Published: 1992-08-01 - Publisher: Ablex Publishing Corporation

DOWNLOAD EBOOK

This book describes the new perspective of naturalistic decision making. The point of departure is how people make decisions in complex, time-pressured, ambiguo
Noise
Language: en
Pages: 429
Authors: Daniel Kahneman
Categories: Business & Economics
Type: BOOK - Published: 2021-05-18 - Publisher: Little, Brown

DOWNLOAD EBOOK

From the Nobel Prize-winning author of Thinking, Fast and Slow and the coauthor of Nudge, a revolutionary exploration of why people make bad judgments and how t
Decision Making: Uncertainty, Imperfection, Deliberation and Scalability
Language: en
Pages: 193
Authors: Tatiana V. Guy
Categories: Technology & Engineering
Type: BOOK - Published: 2015-02-09 - Publisher: Springer

DOWNLOAD EBOOK

This volume focuses on uncovering the fundamental forces underlying dynamic decision making among multiple interacting, imperfect and selfish decision makers. T