Arbeitspapier

An Essay on Decision Theory with Imperfect Recall

In this paper, I seek to establish a framework in which solutions to imperfect recall decision problems can be suitably examined. I introduce a strategy concept which is an extension of the standard concept employed since von Neumann and Morgenstern, and show how it may provide optimal solutions to problems which feature forgetting. For a technical analysis, I provide a characterization of imperfect recall extensive forms, a crucial input into future studies on the properties of optimal extended strategies. Also, I discuss further issues in decision theory with imperfect recall, including the prospects of induced forgetting when preferences change during the problem.

Language
Englisch

Bibliographic citation
Series: KTK/IE Discussion Papers ; No. 1999/5

Classification
Wirtschaft
Subject
decision theory
bounded rationality
imperfect recall
strategy

Event
Geistige Schöpfung
(who)
Ambrus-Lakatos, Lorand
Event
Veröffentlichung
(who)
Hungarian Academy of Sciences, Institute of Economics
(where)
Budapest
(when)
1999

Handle
Last update
10.03.2025, 11:42 AM CET

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Object type

  • Arbeitspapier

Associated

  • Ambrus-Lakatos, Lorand
  • Hungarian Academy of Sciences, Institute of Economics

Time of origin

  • 1999

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