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
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Englisch
- Bibliographic citation
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Series: KTK/IE Discussion Papers ; No. 1999/5
- Classification
-
Wirtschaft
- Subject
-
decision theory
bounded rationality
imperfect recall
strategy
- Event
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Geistige Schöpfung
- (who)
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Ambrus-Lakatos, Lorand
- Event
-
Veröffentlichung
- (who)
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Hungarian Academy of Sciences, Institute of Economics
- (where)
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Budapest
- (when)
-
1999
- Handle
- Last update
-
10.03.2025, 11:42 AM CET
Data provider
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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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