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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 … optimal extended strategies. Also, I discuss further issues in decision theory with imperfect recall, including the prospects …
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decision errors can explain or be highly correlated with hyperbolic discounting and non-linear (inverse-S-shaped) probability … weighting. We find evidence that decision errors are strongly correlated with hyperbolic discounting but do not find that … decision errors are correlated with the strong inverse-S-shaped probability weighting (w(p)) patterns in our two samples. We …
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Do individuals anticipate present bias in others? This paper jointly investigates beliefs about one's own and others' present bias. In an online experiment, participants engaged in a real-effort task display little awareness of their own present bias, but anticipate present bias in others....
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Discrete Markov Processes and Numerical Algorithms for Markov Chains -- Markov Decision Processes and Stochastic … decision problems and determining Nash equilibria for related stochastic games with average and total expected discounted …
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