Discounting by committee

Discounting by Probabilistic Waiting

In everyday life, many probabilistic situations may be characterized as probabilistic waiting. A gambler, for example, bets repeatedly at the racetrack, the casino, or the card table. The gambler may not win on the first try, but if a gamble is repeated enough times, a win is almost certain to occur eventually. If repeated gambles are structured as strings of losses ending in a win (probabilist...

Bounding Rationality by Discounting Time

Consider a game where Alice generates an integer and Bob wins if he can factor that integer. Traditional game theory tells us that Bob will always win this game even though in practice Alice will win given our usual assumptions about the hardness of factoring. We define a new notion of bounded rationality, where the payoffs of players are discounted by the computation time they take to produce ...

Delay discounting by pathological gamblers.

Discounting of delayed rewards by pathological gamblers was compared to discounting of delayed rewards by matched control nongambling participants. All participants completed a hypothetical choice task in which they made repeated choices between dollars 1,000 available after a delay and an equal or lesser amount of money available immediately. The delay to the large amount of money was varied f...

ARTMAP-DS: Pattern Discrimination by Discounting Similarities

ARTMAP-DS extends fuzzy ARTMAP to discriminate between similar inputs by discounting similarities. When two or more candidate category representations are activated by a given input, features that the candidate representations have in common are ignored prior to determining the winning category. Simulations illustrate the network's ability to recognize similar inputs, such as STAR. and START, i...

Discounting of Probabilistic Reinforcers by Pigeons