Bounded Rationality in Decision Making Under Uncertainty: Towards Optimal Granularity

• Main Authors: Lorkowski, Joe (Author, http://id.loc.gov/vocabulary/relators/aut), Kreinovich, Vladik (http://id.loc.gov/vocabulary/relators/aut)
• Corporate Author: SpringerLink (Online service)
• Format: Electronic eBook
• Language: English
• Published: Cham : Springer International Publishing : Imprint: Springer, 2018.
• Edition: 1st ed. 2018.
• Series: Studies in Systems, Decision and Control, 99
• Subjects: Computational intelligence.; Cognitive psychology.; Artificial intelligence.; Computational Intelligence.; Cognitive Psychology.; Artificial Intelligence.

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 obse...

Table of Contents:

• Human Decisions Are Often Suboptimal: Phenomenon of Bounded Rationality
• Towards Explaining Other Aspects of Human Decision Making
• Towards Explaining Heuristic Techniques (Such as Fuzzy) in Expert Decision Making
• Decision Making Under Uncertainty and Restrictions on Computation Resources: From Heuristic to Optimal Techniques
• Conclusions and Future Work.