Bounded Rationality in Decision Making Under Uncertainty: Towards Optimal Granularity PDF Download
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Author: Joe Lorkowski
Publisher: Springer
ISBN: 3319622145
Category : Technology & Engineering
Languages : en
Pages : 167
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Book Description
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 decisions: e.g., we overestimate the probability of rare events. Our explanation is that since human abilities to process information are limited, we operate not with the exact values of relevant quantities, but with “granules” that contain these values. We show that optimization under such granularity indeed leads to observed human behavior. In particular, for the first time, we explain the mysterious empirical dependence of betting odds on actual probabilities. This book can be recommended to all students interested in human decision-making, to researchers whose work involves human decisions, and to practitioners who design and employ systems involving human decision-making —so that they can better utilize our ability to make decisions under uncertainty.
Author: Joe Lorkowski
Publisher: Springer
ISBN: 3319622145
Category : Technology & Engineering
Languages : en
Pages : 167
Get Book Here
Book Description
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 decisions: e.g., we overestimate the probability of rare events. Our explanation is that since human abilities to process information are limited, we operate not with the exact values of relevant quantities, but with “granules” that contain these values. We show that optimization under such granularity indeed leads to observed human behavior. In particular, for the first time, we explain the mysterious empirical dependence of betting odds on actual probabilities. This book can be recommended to all students interested in human decision-making, to researchers whose work involves human decisions, and to practitioners who design and employ systems involving human decision-making —so that they can better utilize our ability to make decisions under uncertainty.
Author: James Olabode Bamidele Rotimi
Publisher: Springer Nature
ISBN: 3031565444
Category :
Languages : en
Pages : 818
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Book Description
Author: Martine Ceberio
Publisher: Springer Nature
ISBN: 3031164156
Category : Technology & Engineering
Languages : en
Pages : 286
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Book Description
This book shows, on numerous examples, how to make decisions in realistic situations when we have both uncertainty and constraints. In most these situations, the book's emphasis is on the why-question, i.e., on a theoretical explanation for empirical formulas and techniques. Such explanations are important: they help understand why these techniques work well in some cases and not so well in others, and thus, help practitioners decide whether a technique is appropriate for a given situation. Example of applications described in the book ranges from science (biosciences, geosciences, and physics) to electrical and civil engineering, education, psychology and decision making, and religion—and, of course, include computer science, AI (in particular, eXplainable AI), and machine learning. The book can be recommended to researchers and students in these application areas. Many of the examples use general techniques that can be used in other application areas as well, so it is also useful for practitioners and researchers in other areas who are looking for possible theoretical explanations of empirical formulas and techniques.
Author: Laxman Bokati
Publisher: Springer Nature
ISBN: 3031260864
Category : Technology & Engineering
Languages : en
Pages : 203
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Book Description
This book describes new techniques for making decisions in situations with uncertainty and new applications of decision-making techniques. The main emphasis is on situations when it is difficult to decrease uncertainty. For example, it is very difficult to accurately predict human economic behavior, so in economics, it is very important to take this uncertainty into account when making decisions. Other areas where it is difficult to decrease uncertainty are geosciences and teaching. The book analyzes the general problem of decision making and shows how its results can be applied to economics, geosciences, and teaching. Since all these applications involve computing, the book also shows how these results can be applied to computing, including deep learning and quantum computing. The book is recommended to researchers, practitioners, and students who want to learn more about decision making under uncertainty—and who want to work on remaining challenges.
Author: Songsak Sriboonchitta
Publisher: Springer Nature
ISBN: 3030972739
Category : Technology & Engineering
Languages : en
Pages : 762
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Book Description
This book describes state-of-the-art economic ideas and how these ideas can be (and are) used to make economic decision (in particular, to optimally allocate assets) and to gauge the results of different economic decisions (in particular, by using optimal transport methods). Special emphasis is paid to machine learning techniques (including deep learning) and to different aspects of quantum econometrics—when quantum physics and quantum computing models are techniques are applied to study economic phenomena. Applications range from more traditional economic areas to more non-traditional topics such as economic aspects of tourism, cryptocurrencies, telecommunication infrastructure, and pandemic. This book helps student to learn new techniques, practitioners to become better knowledgeable of the state-of-the-art econometric techniques, and researchers to further develop these important research directions
Author: Cengiz Kahraman
Publisher: Springer Nature
ISBN: 3030671631
Category : Technology & Engineering
Languages : en
Pages : 310
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Book Description
This book offers a comprehensive reference guide for modeling humanoid robots using intelligent and fuzzy systems. It provides readers with the necessary intelligent and fuzzy tools for controlling humanoid robots by incomplete, vague, and imprecise information or insufficient data, where classical modeling approaches cannot be applied. The respective chapters, written by prominent researchers, explain a wealth of both basic and advanced concepts including fuzzy control, metaheuristic-based control, neutrosophic control, etc. To foster reader comprehension, all chapters include relevant numerical examples or case studies. Taken together, they form an excellent reference guide for researchers, lecturers, and postgraduate students pursuing research on humanoid robots. Moreover, by extending all the main aspects of humanoid robots to its intelligent and fuzzy counterparts, the book presents a dynamic snapshot of the field that is expected to stimulate new directions, ideas, and developments.
Author: Christopher P. Neck
Publisher: SAGE Publications, Incorporated
ISBN: 1544351224
Category : Business & Economics
Languages : en
Pages : 529
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Book Description
Management, Third Edition introduces students to the planning, organizing, leading, and controlling functions of management with an emphasis on how managers can cultivate an entrepreneurial mindset. The text includes 34 cases profiling a wide range of companies including Lululemon, Nintendo, Netflix, Trader Joe’s, and the NBA. Authors Christopher P. Neck, Jeffrey D. Houghton, and Emma L. Murray use a variety of examples, applications, and insights from real-world managers to help students develop the knowledge, mindset, and skills they need to succeed in today’s fast-paced, dynamic workplace. This title is accompanied by a complete teaching and learning package. Contact your SAGE representative to request a demo. Digital Option / Courseware SAGE Vantage is an intuitive digital platform that delivers this text’s content and course materials in a learning experience that offers auto-graded assignments and interactive multimedia tools, all carefully designed to ignite student engagement and drive critical thinking. Built with you and your students in mind, it offers simple course set-up and enables students to better prepare for class. Learn more. Assignable Video with Assessment Assignable video (available with SAGE Vantage) is tied to learning objectives and curated exclusively for this text to bring concepts to life. Watch a sample video now. Assignable Self-Assessments Assignable self-assessments (available with SAGE Vantage) allow students to engage with the material in a more meaningful way that supports learning. LMS Cartridge Import this title’s instructor resources into your school’s learning management system (LMS) and save time. Don’t use an LMS? You can still access all of the same online resources for this title via the password-protected Instructor Resource Site. Learn more.
Author: Oleg Chertov
Publisher: Springer
ISBN: 3319978853
Category : Technology & Engineering
Languages : en
Pages : 391
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Book Description
This book constitutes the proceedings of the XVIII International Conference on Data Science and Intelligent Analysis of Information (ICDSIAI'2018), held in Kiev, Ukraine on June 4-7, 2018. The conference series, which dates back to 2001 when it was known as the Workshop on Intelligent Analysis of Information, was renamed in 2008 to reflect the broadening of its scope and the composition of its organizers and participants. ICDSIAI'2018 brought together a large number of participants from numerous countries in Europe, Asia and the USA. The papers presented addressed novel theoretical developments in methods, algorithms and implementations for the broadly perceived areas of big data mining and intelligent analysis of data and information, representation and processing of uncertainty and fuzziness, including contributions on a range of applications in the fields of decision-making and decision support, economics, education, ecology, law, and various areas of technology. The book is dedicated to the memory of the conference founder, the late Professor Tetiana Taran, an outstanding scientist in the field of artificial intelligence whose research record, vision and personality have greatly contributed to the development of Ukrainian artificial intelligence and computer science.
Author: Christopher P. Neck
Publisher: SAGE Publications
ISBN: 1071854445
Category : Business & Economics
Languages : en
Pages : 531
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Book Description
Organizational Behavior: A Skill-Building Approach, Third Edition examines how individual characteristics, group dynamics, and organizational factors affect performance, motivation, and job satisfaction. Translating the latest research into practical applications and best practices, authors Christopher P. Neck, Jeffery D. Houghton, and Emma Murray unpack how managers can develop their managerial skills to unleash the potential of their employees.
Author: Vladimir Raizer
Publisher: CRC Press
ISBN: 1000550729
Category : Technology & Engineering
Languages : en
Pages : 287
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Book Description
Uncertainty is certain to be found in structural engineering, making it crucial to structure design. This book covers three competing philosophies behind structural safety and reliability: probabilistic analysis, fuzzy set-based treatments, and the convex approach. Explaining the theory behind probabilistic analysis, fuzzy set-based treatments, and the convex approach in detail, alongside their implementation, use, and benefits, the book compares and contrasts these methods, enabling the reader to solve problems associated with uncertainty. These uncertainty issues can be seen in civil engineering structures, risk of earthquakes, impact of rough seas on ships, and turbulence affecting aerospace vehicles. Building on the authors’ many years of experience in the field, Philosophies of Structural Safety and Reliability is an essential guide to structural uncertainty. Topics covered in the book include properties of materials and their structural deterioration, safety factor and reliability, risk evaluation and loads, and their combinations. This book will be of interest to students and professionals in the fields of aerospace, civil, mechanical, marine, and ocean engineering.
