Displaying similar documents to “Foundations of boundedly rational choice and satisficing decisions.”

A classical decision theoretic perspective on worst-case analysis

Moshe Sniedovich (2011)

Applications of Mathematics

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We examine worst-case analysis from the standpoint of classical Decision Theory. We elucidate how this analysis is expressed in the framework of Wald's famous Maximin paradigm for decision-making under strict uncertainty. We illustrate the subtlety required in modeling this paradigm by showing that information-gap's robustness model is in fact a Maximin model in disguise.

Reasons: belief support and goal dynamics.

Cristiano Castelfranchi (1996)

Mathware and Soft Computing

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The paper is devoted to the structural relation between beliefs and goals. I discuss its importance in modelling cognitive agents; its origin in cognitive processing; its structure (belief structure relative to a goal); its crucial role in rationality, mediating between epistemic and pragmatic rationality; its role in goal Dynamics. I stress the crucial contribution of the supporting beliefs to the Processing of goals; to the Revision of goals (or Dynamics in a narrow sense), i.e. the...

Auctions with Untrustworthy Bidders

Braynov, Sviatoslav, Pavlov, Radoslav (2007)

Serdica Journal of Computing

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The paper analyzes auctions which are not completely enforceable. In such auctions, economic agents may fail to carry out their obligations, and parties involved cannot rely on external enforcement or control mechanisms for backing up a transaction. We propose two mechanisms that make bidders directly or indirectly reveal their trustworthiness. The first mechanism is based on discriminating bidding schedules that separate trustworthy from untrustworthy bidders. The second mechanism...