Bounded Rationality in Decision Making Under Uncertainty: Towards Optimal Granularity (Record no. 79782)
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| 000 -LEADER | |
|---|---|
| fixed length control field | 03674nam a22005535i 4500 |
| 001 - CONTROL NUMBER | |
| control field | 978-3-319-62214-9 |
| 005 - DATE AND TIME OF LATEST TRANSACTION | |
| control field | 20220801221537.0 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION | |
| fixed length control field | 170703s2018 sz | s |||| 0|eng d |
| 020 ## - INTERNATIONAL STANDARD BOOK NUMBER | |
| ISBN | 9783319622149 |
| -- | 978-3-319-62214-9 |
| 082 04 - CLASSIFICATION NUMBER | |
| Call Number | 006.3 |
| 100 1# - AUTHOR NAME | |
| Author | Lorkowski, Joe. |
| 245 10 - TITLE STATEMENT | |
| Title | Bounded Rationality in Decision Making Under Uncertainty: Towards Optimal Granularity |
| 250 ## - EDITION STATEMENT | |
| Edition statement | 1st ed. 2018. |
| 300 ## - PHYSICAL DESCRIPTION | |
| Number of Pages | IX, 164 p. |
| 490 1# - SERIES STATEMENT | |
| Series statement | Studies in Systems, Decision and Control, |
| 505 0# - FORMATTED CONTENTS NOTE | |
| Remark 2 | 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. |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc | 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. |
| 700 1# - AUTHOR 2 | |
| Author 2 | Kreinovich, Vladik. |
| 856 40 - ELECTRONIC LOCATION AND ACCESS | |
| Uniform Resource Identifier | https://doi.org/10.1007/978-3-319-62214-9 |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) | |
| Koha item type | eBooks |
| 264 #1 - | |
| -- | Cham : |
| -- | Springer International Publishing : |
| -- | Imprint: Springer, |
| -- | 2018. |
| 336 ## - | |
| -- | text |
| -- | txt |
| -- | rdacontent |
| 337 ## - | |
| -- | computer |
| -- | c |
| -- | rdamedia |
| 338 ## - | |
| -- | online resource |
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| -- | rdacarrier |
| 347 ## - | |
| -- | text file |
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| -- | rda |
| 650 #0 - SUBJECT ADDED ENTRY--SUBJECT 1 | |
| -- | Computational intelligence. |
| 650 #0 - SUBJECT ADDED ENTRY--SUBJECT 1 | |
| -- | Cognitive psychology. |
| 650 #0 - SUBJECT ADDED ENTRY--SUBJECT 1 | |
| -- | Artificial intelligence. |
| 650 14 - SUBJECT ADDED ENTRY--SUBJECT 1 | |
| -- | Computational Intelligence. |
| 650 24 - SUBJECT ADDED ENTRY--SUBJECT 1 | |
| -- | Cognitive Psychology. |
| 650 24 - SUBJECT ADDED ENTRY--SUBJECT 1 | |
| -- | Artificial Intelligence. |
| 830 #0 - SERIES ADDED ENTRY--UNIFORM TITLE | |
| -- | 2198-4190 ; |
| 912 ## - | |
| -- | ZDB-2-ENG |
| 912 ## - | |
| -- | ZDB-2-SXE |
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