Decision Making With Imperfect Decision Makers
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Decision Making With Imperfect Decision Makers
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Author : Tatiana Valentine Guy
language : en
Publisher: Springer Science & Business Media
Release Date : 2011-11-13
Decision Making With Imperfect Decision Makers written by Tatiana Valentine Guy and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-11-13 with Technology & Engineering categories.
Prescriptive Bayesian decision making has reached a high level of maturity and is well-supported algorithmically. However, experimental data shows that real decision makers choose such Bayes-optimal decisions surprisingly infrequently, often making decisions that are badly sub-optimal. So prevalent is such imperfect decision-making that it should be accepted as an inherent feature of real decision makers living within interacting societies. To date such societies have been investigated from an economic and gametheoretic perspective, and even to a degree from a physics perspective. However, little research has been done from the perspective of computer science and associated disciplines like machine learning, information theory and neuroscience. This book is a major contribution to such research. Some of the particular topics addressed include: How should we formalise rational decision making of a single imperfect decision maker? Does the answer change for a system of imperfect decision makers? Can we extend existing prescriptive theories for perfect decision makers to make them useful for imperfect ones? How can we exploit the relation of these problems to the control under varying and uncertain resources constraints as well as to the problem of the computational decision making? What can we learn from natural, engineered, and social systems to help us address these issues?
Decision Making And Imperfection
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Author : Tatiana Guy
language : en
Publisher: Springer
Release Date : 2013-02-02
Decision Making And Imperfection written by Tatiana Guy and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-02-02 with Computers categories.
Decision making (DM) is ubiquitous in both natural and artificial systems. The decisions made often differ from those recommended by the axiomatically well-grounded normative Bayesian decision theory, in a large part due to limited cognitive and computational resources of decision makers (either artificial units or humans). This state of a airs is often described by saying that decision makers are imperfect and exhibit bounded rationality. The neglected influence of emotional state and personality traits is an additional reason why normative theory fails to model human DM process. The book is a joint effort of the top researchers from different disciplines to identify sources of imperfection and ways how to decrease discrepancies between the prescriptive theory and real-life DM. The contributions consider: · how a crowd of imperfect decision makers outperforms experts' decisions; · how to decrease decision makers' imperfection by reducing knowledge available; · how to decrease imperfection via automated elicitation of DM preferences; · a human's limited willingness to master the available decision-support tools as an additional source of imperfection; · how the decision maker's emotional state influences the rationality; a DM support of edutainment robot based on its system of values and respecting emotions. The book will appeal to anyone interested in the challenging topic of DM theory and its applications.
Decision Making
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Author : Tatiana Valentine Guy
language : en
Publisher:
Release Date : 2015
Decision Making written by Tatiana Valentine Guy and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015 with Artificial intelligence categories.
This volume focuses on uncovering the fundamental forces underlying dynamic decision making among multiple interacting, imperfect and selƠ̐lsh decision makers. The chapters are written by leading experts from different disciplines, all considering the many sources of imperfection in decision making, and always with an eye to decreasing the myriad discrepancies between theory and real world human decision making. Topics addressed include uncertainty, deliberation cost and the complexity arising from the inherent large computational scale of decision making in these systems. In particular, analyses and experiments are presented which concern: ĺØ task allocation to maximize ĺlthe wisdom of the crowdĺl; ĺØ design of a society of ĺledutainmentĺl robots who account for one anothersĺl emotional states; ĺØ recognizing and counteracting seemingly non-rational human decision making; ĺØ coping with extreme scale when learning causality in networks; ĺØ efƠ̐lciently incorporating expert knowledge in personalized medicine; ĺØ the effects of personality on risky decision making. The volume is a valuable source for researchers, graduate students and practitioners in machine learning, stochastic control, robotics, and economics, among other Ơ̐lelds.
Decision Making And Imperfection
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Author : Tatiana V Guy
language : en
Publisher: Springer
Release Date : 2013-02-01
Decision Making And Imperfection written by Tatiana V Guy and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-02-01 with Technology & Engineering categories.
Decision making (DM) is ubiquitous in both natural and artificial systems. The decisions made often differ from those recommended by the axiomatically well-grounded normative Bayesian decision theory, in a large part due to limited cognitive and computational resources of decision makers (either artificial units or humans). This state of a airs is often described by saying that decision makers are imperfect and exhibit bounded rationality. The neglected influence of emotional state and personality traits is an additional reason why normative theory fails to model human DM process. The book is a joint effort of the top researchers from different disciplines to identify sources of imperfection and ways how to decrease discrepancies between the prescriptive theory and real-life DM. The contributions consider: · how a crowd of imperfect decision makers outperforms experts' decisions; · how to decrease decision makers' imperfection by reducing knowledge available; · how to decrease imperfection via automated elicitation of DM preferences; · a human's limited willingness to master the available decision-support tools as an additional source of imperfection; · how the decision maker's emotional state influences the rationality; a DM support of edutainment robot based on its system of values and respecting emotions. The book will appeal to anyone interested in the challenging topic of DM theory and its applications.
Wharton On Making Decisions
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Author : Stephen J. Hoch
language : en
Publisher: John Wiley & Sons
Release Date : 2004-08-20
Wharton On Making Decisions written by Stephen J. Hoch and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004-08-20 with Business & Economics categories.
Perspectives from leaders in decision science at Wharton Organized in part through Wharton's Risk Management and Decision Processes Center, the book assembles leading researchers from Wharton's business faculty who demonstrate how to apply the latest approaches in decision-making from four perspectives: personal, managerial, negotiator, and consumer. Each chapter describes how decisions are actually made, presents the ideal scenario, and then provides practical suggestions for improvement. The subjects range from when consumers will choose variety, integrating intuition into decisions, and applying game theory and strategic decisions, to decision factors in negotiations and how choices are made about insurance and health care.
The Managerial Decision Making Process
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Author : E. Frank Harrison
language : en
Publisher:
Release Date : 1995
The Managerial Decision Making Process written by E. Frank Harrison and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995 with Beslutningstagning-ledelse categories.
Rather than present decision making strictly as a quantitative science, this text views it as a multidimensional process involving values, psychology, sociology, social psychology, and politics. Using a process modela focus on the process of a decision rather than the outcomethe book presents a variety of perspectives useful for making and evaluating decisions in all kinds of organizations.
The Practical Decision Maker
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Author : Thomas R. Harvey
language : en
Publisher: R & L Education
Release Date : 1997
The Practical Decision Maker written by Thomas R. Harvey and has been published by R & L Education this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997 with Business & Economics categories.
Lacking confidence in your decision-making abilities? This book will help you achieve a high level of confidence to make faster and more effective practical decisions for your school.
Brilliant Decision Making
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Author : Robbie Steinhouse
language : en
Publisher:
Release Date : 2010
Brilliant Decision Making written by Robbie Steinhouse and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010 with categories.
Decisions Decisions
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Author : David A. Welch
language : en
Publisher:
Release Date : 2002
Decisions Decisions written by David A. Welch and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002 with Decision making categories.
In this engrossing and entertaining guide, Welch shows how both the art and the science of decision making is essential to everyone. He lays out nine steps to effective decision making and how to apply them to real-world situations.
The Adaptive Decision Maker
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Author : John W. Payne
language : en
Publisher: Cambridge University Press
Release Date : 1993-05-28
The Adaptive Decision Maker written by John W. Payne and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993-05-28 with Education categories.
Demonstrates how decision makers balance effort and accuracy considerations and predict the particular choice of strategy.