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The idea is advanced that self-organization in complex systems can be treated as decision making (as it is performed by humans) and, vice versa, decision making is nothing but a kind of self-organization in the decision maker nervous…

Adaptation and Self-Organizing Systems · Physics 2014-08-08 V. I. Yukalov , D. Sornette

A broad range of on-line behaviors are mediated by interfaces in which people make choices among sets of options. A rich and growing line of work in the behavioral sciences indicate that human choices follow not only from the utility of…

Data Structures and Algorithms · Computer Science 2017-05-17 Jon Kleinberg , Sendhil Mullainathan , Johan Ugander

Starting with a likelihood or preference order on worlds, we extend it to a likelihood ordering on sets of worlds in a natural way, and examine the resulting logic. Lewis (1973) earlier considered such a notion of relative likelihood in the…

Artificial Intelligence · Computer Science 2014-07-29 Joseph Y. Halpern

The study of intelligent systems explains behaviour in terms of economic rationality. This results in an optimization principle involving a function or utility, which states that the system will evolve until the configuration of maximum…

Information Theory · Computer Science 2024-06-18 Pedro Hack

In responding to rating questions, an individual may give answers either according to his/her knowledge/awareness or to his/her level of indecision/uncertainty, typically driven by a response style. As ignoring this dual behaviour may lead…

Methodology · Statistics 2021-04-08 Roberto Colombi , Sabrina Giordano , Anna Gottard , Maria Iannario

When does society eventually learn the truth, or take the correct action, via observational learning? In a general model of sequential learning over social networks, we identify a simple condition for learning dubbed excludability.…

Theoretical Economics · Economics 2024-04-05 Navin Kartik , SangMok Lee , Tianhao Liu , Daniel Rappoport

We show that probabilistic equivalence of a regret-based preference relationship over random variables is implied by a weak form of continuity and monotonicity.

Theoretical Economics · Economics 2024-09-27 Sushil Bikhchandani , Uzi Segal

We analyse strategic, complete information, sequential voting with ordinal preferences over the alternatives. We consider several voting mechanisms: plurality voting and approval voting with deterministic or uniform tie-breaking rules. We…

Computer Science and Game Theory · Computer Science 2019-04-19 Oren Dean , Yakov Babichenko , Moshe Tennenholtz

We can overcome uncertainty with uncertainty. Using randomness in our choices and in what we control, and hence in the decision making process, could potentially offset the uncertainty inherent in the environment and yield better outcomes.…

General Finance · Quantitative Finance 2017-10-06 Ravi Kashyap

In many situations people make sequences of similar, but unrelated decisions. Such decision sequences are prevalent in many important contexts including judicial judgments, loan approvals, college admissions, and athletic competitions. A…

General Economics · Economics 2024-08-13 Katja Bergonzoli , Laurent Bieri , Dominic Rohner , Christian Zehnder

We introduce an Attention Overload Model that captures the idea that alternatives compete for the decision maker's attention, and hence the attention that each alternative receives decreases as the choice problem becomes larger. Using this…

Theoretical Economics · Economics 2024-09-17 Matias D. Cattaneo , Paul Cheung , Xinwei Ma , Yusufcan Masatlioglu

We present a new strategic voting model where we use uncertainty representation to model preferences. Specifically, we use probability sets as uncertainty representations, together with lower and upper expected utility gains to take…

Computer Science and Game Theory · Computer Science 2026-05-18 Henri Surugue , Sébastien Destercke

Uncertainty may be taken to characterize inferences, their conclusions, their premises or all three. Under some treatments of uncertainty, the inferences itself is never characterized by uncertainty. We explore both the significance of…

Artificial Intelligence · Computer Science 2013-02-18 Henry E. Kyburg

This paper maps out the relation between different approaches for handling preferences in argumentation with strict rules and defeasible assumptions by offering translations between them. The systems we compare are: non-prioritized defeats…

Artificial Intelligence · Computer Science 2017-10-02 Jesse Heyninck , Christian Straßer , Pere Pardo

Given the stated preferences of several people over a number of proposals regarding public policy initiatives, some of those proposals might be judged to be more ``divisive'' than others. When designing online participatory platforms to…

Computer Science and Game Theory · Computer Science 2026-01-01 Ulle Endriss

A decision is an act or event of decision taking. Decision making always includes decision taking, the latter not involving significant exchanges with non-deciding agents. A decision outcome is a piece of storable information constituting…

Other Computer Science · Computer Science 2014-08-12 J. A. Bergstra

The transitivity of preferences is one of the basic assumptions used in the theory of games and decisions. It is often equated with rationality of choice and is considered useful in building rankings. Intransitive preferences are considered…

Quantum Physics · Physics 2015-06-23 Marcin Makowski , Edward W. Piotrowski , Jan Sładkowski

In real-life temporal scenarios, uncertainty and preferences are often essential and coexisting aspects. We present a formalism where quantitative temporal constraints with both preferences and uncertainty can be defined. We show how three…

Artificial Intelligence · Computer Science 2021-04-12 F. Rossi , K. B. Venable , N. Yorke-Smith

We consider statistical Markov Decision Processes where the decision maker is risk averse against model ambiguity. The latter is given by an unknown parameter which influences the transition law and the cost functions. Risk aversion is…

Optimization and Control · Mathematics 2021-07-21 Nicole Bäuerle , Ulrich Rieder

Possibility theory offers a framework where both Lehmann's "preferential inference" and the more productive (but less cautious) "rational closure inference" can be represented. However, there are situations where the second inference does…

Artificial Intelligence · Computer Science 2013-02-18 Salem Benferhat , Didier Dubois , Henri Prade