Rational Irrationality: A Two Stage Decision Making Model
نویسندگان
چکیده
منابع مشابه
Rational Irrationality
We present a game-theoretic account of irrational agent behavior and define conditions under which irrational behavior may be considered quasi-rational. To do so, we use a 2-player, zero-sum strategic game, parameterize the reward structure and study how the value of the game changes with this parameter. We argue that for any “underdog” agent, there is a point at which the asymmetry of the game...
متن کاملRational Decision Making
RATIONAL DECISION MAKING: Choosing among alternatives in a way that “properly” accords with the preferences and beliefs of an individual decision maker or those of a group making a joint decision; in particular, the subject as developed in decision theory [16] (see RATIONAL CHOICE THEORY), decision analysis [24], GAME THEORY [33], political theory [20], psychology [14] (see DECISION MAKING), an...
متن کاملDistributed Rational Decision Making
Automated negotiation systems with self interested agents are becoming increas ingly important One reason for this is the technology push of a growing standardized communication infrastructure Internet WWW NII EDI KQML FIPA Concor dia Voyager Odyssey Telescript Java etc over which separately designed agents belonging to di erent organizations can interact in an open environment in real time and...
متن کاملConsensus through Respect: A Model of Rational Group Decision-Making
Your use of the JSTOR archive indicates your acceptance of JSTOR's Terms and Conditions of Use, available at . http://www.jstor.org/page/info/about/policies/terms.jsp. JSTOR's Terms and Conditions of Use provides, in part, that unless you have obtained prior permission, you may not download an entire issue of a journal or multiple copies of articles, and you may use content in the JSTOR archive...
متن کاملConvergence in a sequential two stages decision making process
We analyze a sequential decision making process, in which at each stepthe decision is made in two stages. In the rst stage a partially optimalaction is chosen, which allows the decision maker to learn how to improveit under the new environment. We show how inertia (cost of changing)may lead the process to converge to a routine where no further changesare made. We illustrate our scheme with some...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2020
ISSN: 1556-5068
DOI: 10.2139/ssrn.3595725