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000823122 020__ $$a9783319622149$$q(electronic book)
000823122 020__ $$a3319622145$$q(electronic book)
000823122 020__ $$z9783319622132
000823122 0247_ $$a10.1007/978-3-319-62214-9$$2doi
000823122 035__ $$aSP(OCoLC)ocn992988876
000823122 035__ $$aSP(OCoLC)992988876
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000823122 049__ $$aISEA
000823122 050_4 $$aBF448
000823122 08204 $$a153.83$$223
000823122 1001_ $$aLorkowski, Joseph A.,$$eauthor.
000823122 24510 $$aBounded Rationality in Decision Making Under Uncertainty :$$bTowards Optimal Granularity /$$cJoe Lorkowski, Vladik Kreinovich.
000823122 264_1 $$aCham, Switzerland :$$bSpringer,$$c[2018]
000823122 300__ $$a1 online resource.
000823122 336__ $$atext$$btxt$$2rdacontent
000823122 337__ $$acomputer$$bc$$2rdamedia
000823122 338__ $$aonline resource$$bcr$$2rdacarrier
000823122 347__ $$atext file$$bPDF$$2rda
000823122 4901_ $$aStudies in Systems, Decision and Control ;$$vvolume 99
000823122 504__ $$aIncludes bibliographical references and index.
000823122 5050_ $$aHuman Decisions Are Often Suboptimal: Phenomenon of Bounded Rationality -- Towards Explaining Other Aspects of Human Decision Making -- Towards Explaining Heuristic Techniques (Such as Fuzzy) in Expert Decision Making -- Decision Making Under Uncertainty and Restrictions on Computation Resources: From Heuristic to Optimal Techniques -- Conclusions and Future Work.
000823122 506__ $$aAccess limited to authorized users.
000823122 520__ $$aThis 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.
000823122 588__ $$aOnline resource; title from PDF title page (viewed July 13, 2017).
000823122 650_0 $$aDecision making.
000823122 650_0 $$aUncertainty.
000823122 650_0 $$aIrrationalism (Philosophy)
000823122 650_0 $$aHeuristic.
000823122 7001_ $$aKreinovich, Vladik,$$eauthor.
000823122 77608 $$iPrint version: $$z9783319622132
000823122 830_0 $$aStudies in systems, decision and control ;$$vv. 99.
000823122 852__ $$bebk
000823122 85640 $$3SpringerLink$$uhttps://univsouthin.idm.oclc.org/login?url=http://link.springer.com/10.1007/978-3-319-62214-9$$zOnline Access$$91397441.1
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000823122 980__ $$aEBOOK
000823122 980__ $$aBIB
000823122 982__ $$aEbook
000823122 983__ $$aOnline
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