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Value [4][5] is typically modeled using a continuous representation (i.e., a Real number). A discrete representation of value has recently been postulated [6]. A quantized representation of probability in the brain was also posited and…

Neurons and Cognition · Quantitative Biology 2020-09-17 James Tee , Desmond P. Taylor

A crucial problem in reinforcement learning is learning the optimal policy. We study this in tabular infinite-horizon discounted Markov decision processes under the online setting. The existing algorithms either fail to achieve regret…

Machine Learning · Computer Science 2023-12-13 Xiang Ji , Gen Li

In the modern knowledge economy, success demands sustained focus and high cognitive performance. Research suggests that human cognition is linked to a finite resource, and upon its depletion, cognitive functions such as self-control and…

Computers and Society · Computer Science 2018-09-11 Nathan O. Hodas , Jacob Hunter , Stephen J. Young , Kristina Lerman

Given a consumer data-set, the axioms of revealed preference proffer a binary test for rational behaviour. A natural (non-binary) measure of the degree of rationality exhibited by the consumer is the minimum number of data points whose…

Computational Complexity · Computer Science 2015-10-29 Shant Boodaghians , Adrian Vetta

We present the results of a study designed to measure the impact of interruptive advertising on consumers willingness to pay for products bearing the advertiser's brand. Subjects participating in a controlled experiment were exposed to ads…

Computers and Society · Computer Science 2020-05-15 Alessandro Acquisti , Sarah Spiekermann

Empirical research shows that individuals' responses to treatments vary along latent characteristics, such as innate ability or motivation. Therefore, a policymaker seeking to maximize welfare may consider designing policies based on…

Econometrics · Economics 2026-05-06 Giacomo Opocher

We designed a grid world task to study human planning and re-planning behavior in an unknown stochastic environment. In our grid world, participants were asked to travel from a random starting point to a random goal position while…

Machine Learning · Statistics 2017-09-29 Pegah Fakhari , Arash Khodadadi , Jerome Busemeyer

The purpose of this review paper is to present some recent results on the modeling and control of large systems of agents. We focus on particular applications where the agents are capable of independent actions instead of simply reacting to…

Optimization and Control · Mathematics 2023-02-27 Benedetto Piccoli

To use control charts in practice, the in-control state usually has to be estimated. This estimation has a detrimental effect on the performance of control charts, which is often measured for example by the false alarm probability or the…

Methodology · Statistics 2013-07-30 Axel Gandy , Jan Terje Kvaløy

This paper studies the control of safety-critical dynamical systems in the presence of adversarial disturbances. We seek to synthesize state-feedback controllers to minimize a cost incurred due to the disturbance, while respecting a safety…

Systems and Control · Electrical Eng. & Systems 2020-09-22 Bhaskar Ramasubramanian , Baicen Xiao , Linda Bushnell , Radha Poovendran

One way to make decisions under uncertainty is to select an optimal option from a possible range of options, by maximizing the expected utilities derived from a probability model. However, under severe uncertainty, identifying precise…

Statistics Theory · Mathematics 2024-03-06 Nawapon Nakharutai , Sébastien Destercke , Matthias C. M. Troffaes

Active inference has emerged as an alternative approach to control problems given its intuitive (probabilistic) formalism. However, despite its theoretical utility, computational implementations have largely been restricted to…

Machine Learning · Computer Science 2022-03-01 Aswin Paul , Noor Sajid , Manoj Gopalkrishnan , Adeel Razi

An individual can only experience regret if she learns about an unchosen alternative. In many situations, learning about an unchosen alternative is possible only if someone else chose it. We develop a model where the ex-post information…

Theoretical Economics · Economics 2023-07-18 Claudia Cerrone , Francesco Feri , Philip R. Neary

The ability to learn and execute optimal control policies safely is critical to realization of complex autonomy, especially where task restarts are not available and/or the systems are safety-critical. Safety requirements are often…

Systems and Control · Electrical Eng. & Systems 2021-10-06 S M Nahid Mahmud , Moad Abudia , Scott A Nivison , Zachary I. Bell , Rushikesh Kamalapurkar

Human decision-making in real-life deviates significantly from the optimal decisions made by fully rational agents, primarily due to computational limitations or psychological biases. While existing studies in behavioral finance have…

Artificial Intelligence · Computer Science 2024-03-12 Penghang Liu , Kshama Dwarakanath , Svitlana S Vyetrenko , Tucker Balch

We study a time-inconsistent singular stochastic control problem for a general one-dimensional diffusion, where time-inconsistency arises from a non-exponential discount function. To address this, we adopt a game-theoretic framework and…

Optimization and Control · Mathematics 2025-07-08 Andi Bodnariu , Kristoffer Lindensjö , Neofytos Rodosthenous

In this paper, we present a novel model to characterize individual tendencies in repeated decision-making scenarios, with the goal of designing model-based control strategies that promote virtuous choices amidst social and external…

Systems and Control · Electrical Eng. & Systems 2025-03-06 Chiara Ravazzi , Valentina Breschi , Paolo Frasca , Fabrizio Dabbene , Mara Tanelli

Experimental research on behavior and cognition frequently rests on stimulus or subject selection where not all characteristics can be fully controlled, even when attempting strict matching. For example, when contrasting patients to…

Methodology · Statistics 2016-08-29 Jona Sassenhagen , Phillip M. Alday

The isolation of infectious individuals is a key measure of public health for the control of communicable diseases. However, involving a strong perturbation of daily life, it often causes psychosocial distress, and severe financial and…

Physics and Society · Physics 2021-11-09 Giulia de Meijere , Vittoria Colizza , Eugenio Valdano , Claudio Castellano

Understanding consumption dynamics and its impact on the whole economy and welfare within the present economic crisis is not an easy task. Indeed the level of consumer demand for different goods varies with the prices, consumer incomes and…

General Finance · Quantitative Finance 2017-05-11 Roberto De Luca , Marco Di Mauro , Angelo Falzarano , Adele Naddeo