Title
Wishful thinking in effective decision making
Abstract
Creating agents that act reasonably in uncertain environments is a primary goal of agent-based research. In this work we explore the theory that wishful thinking can be an effective strategy in uncertain and competitive decision scenarios. Specifically, we present the constraints necessary for wishful thinking to outperform Expected Utility Maximization and take instances of popular games from Game-Theoretic literature showing how they relate to our constraints and whether they can benefit from wishful-thinking.
Year
DOI
Venue
2010
10.5555/1838206.1838464
AAMAS
Keywords
Field
DocType
game-theoretic literature,popular game,utility maximization,creating agent,effective strategy,primary goal,agent-based research,uncertain environment,wishful thinking,effective decision,competitive decision scenario,self deception,decision theory
Computer science,Expected utility hypothesis,Self-deception,Decision theory,Wishful thinking,Management science,Maximization
Conference
Citations 
PageRank 
References 
0
0.34
2
Authors
4
Name
Order
Citations
PageRank
Jonathan Y. Ito172.23
David V. Pynadath21556130.56
Liz Sonenberg3802119.89
Stacy Marsella43290297.09