Zum Hauptinhalt springen
Dekorationsartikel gehören nicht zum Leistungsumfang.
Bounded Rationality in Decision Making Under Uncertainty: Towards Optimal Granularity
Buch von Vladik Kreinovich (u. a.)
Sprache: Englisch

106,99 €*

inkl. MwSt.

Versandkostenfrei per Post / DHL

Aktuell nicht verfügbar

Kategorien:
Beschreibung
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.
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.
Zusammenfassung

Explains seemingly irrational human decision-making by taking into account our limited ability to process information

Shows with several examples that optimization under granularity restriction leads to observed human decision-making

Demonstrates that granularity helps to explain seemingly irrational human decision-making

Includes supplementary material: [...]

Inhaltsverzeichnis
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.
Details
Erscheinungsjahr: 2017
Fachbereich: Technik allgemein
Genre: Mathematik, Medizin, Naturwissenschaften, Technik
Rubrik: Naturwissenschaften & Technik
Medium: Buch
Inhalt: ix
164 S.
ISBN-13: 9783319622132
ISBN-10: 3319622137
Sprache: Englisch
Herstellernummer: 978-3-319-62213-2
Einband: Gebunden
Autor: Kreinovich, Vladik
Lorkowski, Joe
Auflage: 1st edition 2018
Hersteller: Springer International Publishing
Verantwortliche Person für die EU: Springer Verlag GmbH, Tiergartenstr. 17, D-69121 Heidelberg, juergen.hartmann@springer.com
Maße: 241 x 160 x 16 mm
Von/Mit: Vladik Kreinovich (u. a.)
Erscheinungsdatum: 12.07.2017
Gewicht: 0,436 kg
Artikel-ID: 109489772
Zusammenfassung

Explains seemingly irrational human decision-making by taking into account our limited ability to process information

Shows with several examples that optimization under granularity restriction leads to observed human decision-making

Demonstrates that granularity helps to explain seemingly irrational human decision-making

Includes supplementary material: [...]

Inhaltsverzeichnis
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.
Details
Erscheinungsjahr: 2017
Fachbereich: Technik allgemein
Genre: Mathematik, Medizin, Naturwissenschaften, Technik
Rubrik: Naturwissenschaften & Technik
Medium: Buch
Inhalt: ix
164 S.
ISBN-13: 9783319622132
ISBN-10: 3319622137
Sprache: Englisch
Herstellernummer: 978-3-319-62213-2
Einband: Gebunden
Autor: Kreinovich, Vladik
Lorkowski, Joe
Auflage: 1st edition 2018
Hersteller: Springer International Publishing
Verantwortliche Person für die EU: Springer Verlag GmbH, Tiergartenstr. 17, D-69121 Heidelberg, juergen.hartmann@springer.com
Maße: 241 x 160 x 16 mm
Von/Mit: Vladik Kreinovich (u. a.)
Erscheinungsdatum: 12.07.2017
Gewicht: 0,436 kg
Artikel-ID: 109489772
Sicherheitshinweis