Systematic mistakes are likely in bounded optimal decision-making systems

DOI10.1016/J.JTBI.2007.09.044MaRDI QIDQ1788459zbMATH OpenOpenAlexWikidataFDO

Authors Adi Livnat, Nicholas Pippenger

Publication date 8 October 2018

Published in Journal of Theoretical Biology (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.jtbi.2007.09.044

zbMATH Keywords

computational complexitybounded rationalitydecision-makingbehavioral ecologyrules of thumbheuristics and biases

Mathematics Subject Classification ID

Decision theory (91B06) Analysis of algorithms and problem complexity (68Q25)

Recommendations

• Where do mistakes lead? A survey of games with incompetent players
• Rational expectation of mistakes and a measure of error-proneness
• Information-theoretic bounded rationality and -optimality
• Bounded rationality: models for some fast and frugal heuristics
• Bounded rationality and control

Cites work

• scientific article; zbMATH DE number 3888913 (Why is no real title available?)
• scientific article; zbMATH DE number 4012495 (Why is no real title available?)
• scientific article; zbMATH DE number 3212020 (Why is no real title available?)
• scientific article; zbMATH DE number 3361657 (Why is no real title available?)
• A Mathematical Theory of Communication
• A Measure of Asymptotic Efficiency for Tests of a Hypothesis Based on the sum of Observations
• A new explanation of the glitch phenomenon
• Context-Dependent Preferences
• Golden Eggs and Hyperbolic Discounting
• Information theory and the complexity of boolean functions
• On economically tracking a variable environment
• Rationality and intelligence

This page was built for publication: Systematic mistakes are likely in bounded optimal decision-making systems

Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q1788459)