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Decision Making and Imperfection

Decision Making and Imperfection
Author: Tatiana V Guy
Publisher: Springer
Total Pages: 197
Release: 2013-02-01
Genre: Technology & Engineering
ISBN: 3642364063

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Decision making (DM) is ubiquitous in both natural and artificial systems. The decisions made often differ from those recommended by the axiomatically well-grounded normative Bayesian decision theory, in a large part due to limited cognitive and computational resources of decision makers (either artificial units or humans). This state of a airs is often described by saying that decision makers are imperfect and exhibit bounded rationality. The neglected influence of emotional state and personality traits is an additional reason why normative theory fails to model human DM process. The book is a joint effort of the top researchers from different disciplines to identify sources of imperfection and ways how to decrease discrepancies between the prescriptive theory and real-life DM. The contributions consider: · how a crowd of imperfect decision makers outperforms experts' decisions; · how to decrease decision makers' imperfection by reducing knowledge available; · how to decrease imperfection via automated elicitation of DM preferences; · a human's limited willingness to master the available decision-support tools as an additional source of imperfection; · how the decision maker's emotional state influences the rationality; a DM support of edutainment robot based on its system of values and respecting emotions. The book will appeal to anyone interested in the challenging topic of DM theory and its applications.


Decision Making with Imperfect Decision Makers

Decision Making with Imperfect Decision Makers
Author: Tatiana Valentine Guy
Publisher: Springer Science & Business Media
Total Pages: 207
Release: 2011-11-13
Genre: Technology & Engineering
ISBN: 3642246478

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Prescriptive Bayesian decision making has reached a high level of maturity and is well-supported algorithmically. However, experimental data shows that real decision makers choose such Bayes-optimal decisions surprisingly infrequently, often making decisions that are badly sub-optimal. So prevalent is such imperfect decision-making that it should be accepted as an inherent feature of real decision makers living within interacting societies. To date such societies have been investigated from an economic and gametheoretic perspective, and even to a degree from a physics perspective. However, little research has been done from the perspective of computer science and associated disciplines like machine learning, information theory and neuroscience. This book is a major contribution to such research. Some of the particular topics addressed include: How should we formalise rational decision making of a single imperfect decision maker? Does the answer change for a system of imperfect decision makers? Can we extend existing prescriptive theories for perfect decision makers to make them useful for imperfect ones? How can we exploit the relation of these problems to the control under varying and uncertain resources constraints as well as to the problem of the computational decision making? What can we learn from natural, engineered, and social systems to help us address these issues?


Decision Making: Uncertainty, Imperfection, Deliberation and Scalability

Decision Making: Uncertainty, Imperfection, Deliberation and Scalability
Author: Tatiana V. Guy
Publisher: Springer
Total Pages: 184
Release: 2015-02-09
Genre: Technology & Engineering
ISBN: 3319151444

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This volume focuses on uncovering the fundamental forces underlying dynamic decision making among multiple interacting, imperfect and selfish decision makers. The chapters are written by leading experts from different disciplines, all considering the many sources of imperfection in decision making, and always with an eye to decreasing the myriad discrepancies between theory and real world human decision making. Topics addressed include uncertainty, deliberation cost and the complexity arising from the inherent large computational scale of decision making in these systems. In particular, analyses and experiments are presented which concern: • task allocation to maximize “the wisdom of the crowd”; • design of a society of “edutainment” robots who account for one anothers’ emotional states; • recognizing and counteracting seemingly non-rational human decision making; • coping with extreme scale when learning causality in networks; • efficiently incorporating expert knowledge in personalized medicine; • the effects of personality on risky decision making. The volume is a valuable source for researchers, graduate students and practitioners in machine learning, stochastic control, robotics, and economics, among other fields.


Decision Theory With Imperfect Information

Decision Theory With Imperfect Information
Author: Aliev Rafig Aziz
Publisher: World Scientific
Total Pages: 468
Release: 2014-08-08
Genre: Mathematics
ISBN: 9814611050

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Every day decision making in complex human-centric systems are characterized by imperfect decision-relevant information. The principal problems with the existing decision theories are that they do not have capability to deal with situations in which probabilities and events are imprecise. In this book, we describe a new theory of decision making with imperfect information. The aim is to shift the foundation of decision analysis and economic behavior from the realm bivalent logic to the realm fuzzy logic and Z-restriction, from external modeling of behavioral decisions to the framework of combined states.This book will be helpful for professionals, academics, managers and graduate students in fuzzy logic, decision sciences, artificial intelligence, mathematical economics, and computational economics.


Making Peace with Imperfection

Making Peace with Imperfection
Author: Elliot D. Cohen
Publisher: New Harbinger Publications
Total Pages: 200
Release: 2019-06-01
Genre: Self-Help
ISBN: 1684033004

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Demanding perfection in everything you do can create a life of stress, worry, and overload. With this essential self-help guide, you’ll learn to escape the perfectionism trap and cultivate unconditional self-acceptance in an imperfect world. Are you a perfectionist? Do you wear this title like a badge of honor, even though it creates needless stress in your life? Ironically, the stress you create by demanding perfection from yourself and others can actually make it harder to achieve your goals in the long run. It can also alienate you from friends, family, and coworkers. So, how can you escape the perfectionism trap and start living a life of self-compassion? In this informative and practical resource, author Elliot Cohen reveals the eleven types of perfectionism, and gives you the tools and skills you need to move past this distressing mind set before it leads to chronic stress, anxiety, anger, or even depression. Using strategies grounded in evidence-based rational emotive behavior therapy (REBT), you’ll discover how your perfectionism is actually a result of irrational beliefs, learn to challenge these beliefs, and replace negative thoughts with compassionate ones. Being a perfectionist can affect virtually every decision you make, and every action you take—leading to a life of perpetual stress. This book can help you put a stop to the absolutist thinking behind your perfectionism and take steps toward a calmer, more balanced way of being.


Geographical Data Imperfection 2

Geographical Data Imperfection 2
Author: Mireille Batton-Hubert
Publisher: John Wiley & Sons
Total Pages: 228
Release: 2024-03-26
Genre: Computers
ISBN: 1786302985

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Geographical data often contains imperfections associated with insufficient precision, errors or incompleteness. If these imperfections are not identified, taken into account and controlled when using the data, the potential for errors may arise, leading to significant consequences with unforeseeable effects, particularly in a decisionmaking context. It is then necessary to characterize and model this imperfection, and take it into account throughout the process. In the previous volume, we introduced different approaches for defining, representing and processing imperfections in geographic data. Volume 2 will now present a number of concrete applications in a variety of fields, demonstrating the practical application of the methodology to use cases such as agriculture, natural disaster management, mountain hazards, land management and assistance for the visually impaired.


Intelligent Medical Decision Support System Based on Imperfect Information

Intelligent Medical Decision Support System Based on Imperfect Information
Author: Krzysztof Dyczkowski
Publisher: Springer
Total Pages: 123
Release: 2017-10-01
Genre: Technology & Engineering
ISBN: 3319670050

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This book discusses computer-supported medical diagnosis with a particular focus on ovarian tumor diagnosis – since ovarian cancer is difficult to diagnose and has high mortality rates, especially in Central and Eastern Europe. It presents the theoretical foundations (both medical and mathematical) of the intelligent OvaExpert system, which supports decision-making in tumor diagnosis. OvaExpert was created primarily to help gynecologists predict the malignancy of ovarian tumors by applying the existing diagnostic models and using modern methods of computational intelligence that accommodate imprecise and imperfect medical data, both of which are common features of everyday medical practice. The book presents novel methods based on interval-valued fuzzy sets and the theory of their cardinalities.


Information Quality in Information Fusion and Decision Making

Information Quality in Information Fusion and Decision Making
Author: Éloi Bossé
Publisher: Springer
Total Pages: 620
Release: 2019-04-02
Genre: Computers
ISBN: 303003643X

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This book presents a contemporary view of the role of information quality in information fusion and decision making, and provides a formal foundation and the implementation strategies required for dealing with insufficient information quality in building fusion systems for decision making. Information fusion is the process of gathering, processing, and combining large amounts of information from multiple and diverse sources, including physical sensors to human intelligence reports and social media. That data and information may be unreliable, of low fidelity, insufficient resolution, contradictory, fake and/or redundant. Sources may provide unverified reports obtained from other sources resulting in correlations and biases. The success of the fusion processing depends on how well knowledge produced by the processing chain represents reality, which in turn depends on how adequate data are, how good and adequate are the models used, and how accurate, appropriate or applicable prior and contextual knowledge is. By offering contributions by leading experts, this book provides an unparalleled understanding of the problem of information quality in information fusion and decision-making for researchers and professionals in the field.


Neutrosophic modifications of Simplified TOPSIS for Imperfect Information (nS-TOPSIS)

Neutrosophic modifications of Simplified TOPSIS for Imperfect Information (nS-TOPSIS)
Author: Azeddine Elhassouny
Publisher: Infinite Study
Total Pages: 14
Release:
Genre: Business & Economics
ISBN:

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In this paper, first, the authors simplify the popular TOPSIS method to a lite TOPSIS (S-TOPSIS), that gives the same result as standard version. Second, mapping STOPSIS to Neutrosophics Environment, investigating SVNS, called nS-TOPSIS, to deal with imperfect information in the real decision-making problems. Numerical examples show the contributions of proposed S-TOPSIS method to get the same results with standard TOPSIS with simple way of calculus, and how Neutrosophic environment manage the uncertain information using SVN.


The Economics of Imperfect Labor Markets, Third Edition

The Economics of Imperfect Labor Markets, Third Edition
Author: Tito Boeri
Publisher: Princeton University Press
Total Pages: 732
Release: 2021-01-26
Genre: Business & Economics
ISBN: 0691206368

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The leading textbook on imperfect labor markets and the institutions that affect them—now completely updated and expanded Today's labor markets are witnessing seismic changes brought on by such factors as rising self-employment, temporary employment, zero-hour contracts, and the growth of the sharing economy. This fully updated and revised third edition of The Economics of Imperfect Labor Markets reflects these and other critical changes in imperfect labor markets, and it has been significantly expanded to discuss topics such as workplace safety, regulations on self-employment, and disability and absence from work. This new edition also features engaging case studies that illustrate key aspects of imperfect labor markets. Authoritative and accessible, this textbook examines the many institutions that affect the behavior of workers and employers in imperfect labor markets. These include minimum wages, employment protection legislation, unemployment benefits, family policies, equal opportunity legislation, collective bargaining, early retirement programs, and education and migration policies. Written for advanced undergraduates and beginning graduate students, the book carefully defines and measures these institutions to accurately characterize their effects, and discusses how these institutions are being transformed today. Fully updated to reflect today's changing labor markets Significantly expanded to discuss a wealth of new topics, including the impact of the COVID-19 pandemic Features quantitative examples, new case studies, data sets that enable users to replicate results in the literature, technical appendixes, and end-of-chapter exercises Unique focus on institutions in imperfect labor markets Self-contained chapters cover each of the most important labor-market institutions Instructor's manual available to professors—now with new exercises and solutions