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- W2289746565 abstract "Bounded rationality, that is, decision-making and planning under resource limitations, is widely regarded as an important open problem in artificial intelligence, reinforcement learning, computational neuroscience and economics. This paper offers a consolidated presentation of a theory of bounded rationality based on information-theoretic ideas. We provide a conceptual justification for using the free energy functional as the objective function for characterizing bounded-rational decisions. This functional possesses three crucial properties: it controls the size of the solution space; it has Monte Carlo planners that are exact, yet bypass the need for exhaustive search; and it captures model uncertainty arising from lack of evidence or from interacting with other agents having unknown intentions. We discuss the single-step decision-making case, and show how to extend it to sequential decisions using equivalence transformations. This extension yields a very general class of decision problems that encompass classical decision rules (e.g. EXPECTIMAX and MINIMAX) as limit cases, as well as trust- and risk-sensitive planning." @default.
- W2289746565 created "2016-06-24" @default.
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- W2289746565 date "2015-12-21" @default.
- W2289746565 modified "2023-09-22" @default.
- W2289746565 title "Information-Theoretic Bounded Rationality." @default.
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