Decision Making with Imperfect Decision Makers

Decision Making with Imperfect Decision Makers


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Decision Making with Imperfect Decision Makers by Tatiana Valentine Guy

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?

Product Details

ISBN-13: 9783642246463
Publisher: Springer Berlin Heidelberg
Publication date: 11/11/2011
Series: Intelligent Systems Reference Library Series , #28
Edition description: 2012
Pages: 195
Product dimensions: 0.00(w) x 0.00(h) x 0.02(d)

Table of Contents

1 Bounded Rationality in Multiagent Systems Using Decentralized
Metareasoning.- 2 On Support of Imperfect Bayesian Participants.- 3 Trading value and information in MDPs.- 4 Game theoretic modeling of pilot behavior during mid-air encounters.- 5 Scalable Negotiation Prool based on Issue-Grouping for Highly Nonlinear Situation.- 6 The Social Ultimatum Game.- 7 Neuroheuristics of Decision Making: from neuronal activity to EEG.

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