The value of (bounded) memory in a changing world

DOI10.1007/s00199-013-0771-1zbMath1291.91051OpenAlexW3122498631MaRDI QIDQ2447166

Daniel Monte, Maher Said

Publication date: 24 April 2014

Published in: Economic Theory (Search for Journal in Brave)

Full work available at URL: https://mpra.ub.uni-muenchen.de/47595/8/MPRA_paper_47595.pdf

zbMATH Keywords

dynamic decision makingbounded memorypartially observable Markov decision process

Mathematics Subject Classification ID

Decision theory (91B06) Markov and semi-Markov decision processes (90C40)

Related Items

Bounded memory in a changing world: biases in behaviour and belief ⋮ Forgetful updating and stubborn decision-makers ⋮ Robust stochastic stability

Cites Work

• Unnamed Item
• Bounded complexity justifies cooperation in the finitely repeated prisoners' dilemma
• Animal spirits and monetary policy
• Imitation with asymmetric memory
• Cooperation and bounded recall
• A ``super folk theorem for dynastic repeated games
• Finite automata play the repeated prisoner's dilemma
• Repeated games with stationary bounded recall strategies
• Randomization and simplification in dynamic decision-making.
• How helpful is a long memory on financial markets?
• Plausible cooperation
• Partial memories, inductively derived views, and their interactions with behavior
• Communication in dynastic repeated games: `Whitewashes' and `coverups'
• Finite Rationality and Interpersonal Complexity in Repeated Games
• Bounded Memory and Biases in Information Processing
• A Memory-Based Model of Bounded Rationality
• Learning with Finite Memory
• On Memory Saved by Randomization