Name: Bounded Rationality in Decision Making Under Uncertainty: Towards Optimal Granularity (en Inglés)
SKU: 58793830
Price: 104.30 USD
Availability: InStock
Author: Lorkowski, Joe ; Kreinovich, Vladik
ISBN: 9783319622132

portada Bounded Rationality in Decision Making Under Uncertainty: Towards Optimal Granularity (en Inglés)

Bounded Rationality in Decision Making Under Uncertainty: Towards Optimal Granularity (en Inglés)

Formato

Libro Físico

Autor

Vladik Kreinovich

Joe Lorkowski

Editorial

Springer

Idioma

Inglés

N° páginas

164

Encuadernación

Tapa Dura

Dimensiones

23.4x15.6x1.1 cm

Peso

0.43 kg.

ISBN13

9783319622132

Categorías

Cognición y psicología cognitiva
Ingeniería: general
Inteligencia artificial

Bounded Rationality in Decision Making Under Uncertainty: Towards Optimal Granularity (en Inglés)

Vladik Kreinovich (Autor) · Joe Lorkowski (Autor) · Springer · Tapa Dura

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Reseña del libro "Bounded Rationality in Decision Making Under Uncertainty: Towards Optimal Granularity (en Inglés)"

This book addresses an intriguing question: are our decisions rational? It explains seemingly irrational human decision-making behavior by taking into account our limited ability to process information. It also shows with several examples that optimization under granularity restriction leads to observed human decision-making. Drawing on the Nobel-prize-winning studies by Kahneman and Tversky, researchers have found many examples of seemingly irrational decisions: e.g., we overestimate the probability of rare events. Our explanation is that since human abilities to process information are limited, we operate not with the exact values of relevant quantities, but with "granules" that contain these values. We show that optimization under such granularity indeed leads to observed human behavior. In particular, for the first time, we explain the mysterious empirical dependence of betting odds on actual probabilities. This book can be recommended to all students interested in human decision-making, to researchers whose work involves human decisions, and to practitioners who design and employ systems involving human decision-making -so that they can better utilize our ability to make decisions under uncertainty.