The value of (bounded) memory in a changing world

DOI10.1007/S00199-013-0771-1MaRDI QIDQ2447166zbMATH OpenOpenAlexFDO

Authors 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

bounded memorypartially observable Markov decision processdynamic decision making

Mathematics Subject Classification ID

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

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Cites work

• scientific article; zbMATH DE number 52448 (Why is no real title available?)
• A Memory-Based Model of Bounded Rationality
• A ``super folk theorem for dynastic repeated games
• Animal spirits and monetary policy
• Bounded complexity justifies cooperation in the finitely repeated prisoners' dilemma
• Bounded memory and biases in information processing
• Communication in dynastic repeated games: `Whitewashes' and `coverups'
• Cooperation and bounded recall
• Finite Rationality and Interpersonal Complexity in Repeated Games
• Finite automata play the repeated prisoner's dilemma
• How helpful is a long memory on financial markets?
• Imitation with asymmetric memory
• Learning with Finite Memory
• On Memory Saved by Randomization
• Partial memories, inductively derived views, and their interactions with behavior
• Plausible cooperation
• Randomization and simplification in dynamic decision-making.
• Repeated games with stationary bounded recall strategies

Cited in

(8)

• Approachability with bounded memory
• scientific article; zbMATH DE number 7453151 (Why is no real title available?)
• Robust stochastic stability
• Tuning positive feedback for signal detection in noisy dynamic environments
• Reinforcement with fading memories
• Bounded memory in a changing world: biases in behaviour and belief
• Search Decisions with Limited Memory
• Forgetful updating and stubborn decision-makers

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