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Monography

Decision Making and Imperfection

Guy Tatiana Valentine, Kárný Miroslav, Wolpert D. H.

: Springer, (Berlin 2013)

:

: CEZ:AV0Z10750506

: GA102/08/0567, GA ČR, GA13-13502S, GA ČR

: decision making, imperfection

: 10.1007/978-3-642-36406-8

(eng): 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 affairs 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.

: BC