Human drivers have limited and time-varying cognitive resources when making decisions in real-world traffic scenarios, which often leads to unique stochastic behaviors that can not be explained by perfect rationality assumption, a widely accepted premise modeling driving presume rationally make maximize their own rewards under all circumstances. To explicitly address this disadvantage, study pr...

Abstract A standard interpretation of the character Hamlet is that he indecisive, even pathologically so, and his indecisiveness manifested by lengthy passage time between when told father’s death was a murder kills perpetrator. Rational choice in economics concerns connection means ends. person rational if, given her ends (her goals), she chooses reasonable to achieve those With uncertainty, b...

Bounded rational behaviour is commonly observed in experimental games and in real life situations. Neuroeconomics can help to understand the mental processing underlying bounded rationality and out-of-equilibrium behaviour. Here we report results from recent studies on the neural basis of limited steps of reasoning in a competitive setting – the beauty contest game. We use functional magnetic r...

This paper explores the behavior of rational probabilistic deciders (RPDs) in three types of collectives: zero sum matrix games, fractional interactions, and Edgeworth exchange economies. The properties of steady states and transients are analyzed as a function of the level of rationality, N , and, in some cases, the size of the collective, M. It is shown that collectives of RPDs, may or may no...

Our research addresses rational decision-making among anti-air units whose mission is to defend a specified territory from a number of attacking missiles. In this paper, we present a decision-theoretic method that automated agents can use to select optimal communicative acts in this domain, given the characteristics of the threat situation. Since the communication bandwidth is usually limited i...