Dynamic consistency and decision making under vacuous belief
–arXiv.org Artificial Intelligence
The ideas about decision making under ignorance in economics are combined with the ideas about uncertainty representation in computer science. The combination sheds new light on the question of how artificial agents can act in a dynamically consistent manner. The notion of sequential consistency is formalized by adapting the law of iterated expectation for plausibility measures. The necessary and sufficient condition for a certainty equivalence operator for Nehring-Puppe's preference to be sequentially consistent is given.
arXiv.org Artificial Intelligence
Feb-14-2012
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