English
 
User Manual Privacy Policy Disclaimer Contact us
  Advanced SearchBrowse

Item

ITEM ACTIONSEXPORT
  Information-Theoretic Bounded Rationality and ε-Optimality

Braun, D., & Ortega, P. (2014). Information-Theoretic Bounded Rationality and ε-Optimality. Entropy, 16(8), 4662-4676. doi:10.3390/e16084662.

Item is

Basic

show hide
Item Permalink: http://hdl.handle.net/11858/00-001M-0000-0027-7FEB-5 Version Permalink: http://hdl.handle.net/21.11116/0000-0001-2976-D
Genre: Journal Article

Files

show Files

Locators

show
hide
Description:
-

Creators

show
hide
 Creators:
Braun, DA1, 2, Author              
Ortega, PA, Author              
Affiliations:
1Research Group Sensorimotor Learning and Decision-Making, Max Planck Institute for Biological Cybernetics, Max Planck Society, ou_1497809              
2Max Planck Institute for Biological Cybernetics, Max Planck Society, Spemannstrasse 38, 72076 Tübingen, DE, ou_1497794              

Content

show
hide
Free keywords: -
 Abstract: Bounded rationality concerns the study of decision makers with limited information processing resources. Previously, the free energy difference functional has been suggested to model bounded rational decision making, as it provides a natural trade-off between an energy or utility function that is to be optimized and information processing costs that are measured by entropic search costs. The main question of this article is how the information-theoretic free energy model relates to simple ⁽\epsilon⁾-optimality models of bounded rational decision making, where the decision maker is satisfied with any action in an ⁽\epsilon⁾-neighborhood of the optimal utility. We find that the stochastic policies that optimize the free energy trade-off comply with the notion of ⁽\epsilon⁾-optimality. Moreover, this optimality criterion even holds when the environment is adversarial. We conclude that the study of bounded rationality based on ⁽\epsilon⁾-optimality criteria that abstract away from the particulars of the information processing constraints is compatible with the information-theoretic free energy model of bounded rationality.

Details

show
hide
Language(s):
 Dates: 2014-08
 Publication Status: Published in print
 Pages: -
 Publishing info: -
 Table of Contents: -
 Rev. Method: -
 Identifiers: DOI: 10.3390/e16084662
BibTex Citekey: BraunO2014
 Degree: -

Event

show

Legal Case

show

Project information

show

Source 1

show
hide
Title: Entropy
Source Genre: Journal
 Creator(s):
Affiliations:
Publ. Info: -
Pages: - Volume / Issue: 16 (8) Sequence Number: - Start / End Page: 4662 - 4676 Identifier: -