Bounded Rationality in Decision Making Under Uncertainty: Towards Optimal Granularity

by Joe Lorkowski and Vladik Kreinovich

Book Overview

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...

• Format: Paperback
• Language: English
• ISBN: 3319872605
• ISBN13: 9783319872605
• Release Date: August 2018
• Publisher: Springer
• Length: 164 Pages
• Weight: 0.56 lbs.
• Dimensions: 0.4" x 6.1" x 9.2"