Information theory and observational limitations in decision making

DOI10.1515/1935-1704.1749MaRDI QIDQ2867494zbMATH OpenOpenAlexFDO

Authors David Wolpert, D. S. Leslie

Publication date 19 December 2013

Published in The B. E. Journal of Theoretical Economics (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1515/1935-1704.1749

zbMATH Keywords

decision theoryinformation theorybounded rationalityregretrisk attitudeshedonic utilityS-shaped utilityconstrained observation

Mathematics Subject Classification ID

Decision theory (91B06) Utility theory (91B16) Rationality and learning in game theory (91A26)

Recommendations

• Utility maximization, choice and preference
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• Testable implications of subjective expected utility theory
• Behavioral Decision Theory

Cited in

(3)

• Second-best probability weighting
• Thermodynamics as a theory of decision-making with information-processing costs
• Information Acquisition Under Resource Limitations in a Noisy Environment

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