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Workshop
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Computational Complexity of Decision-Making 2024
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Speaker(s)
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Modibo Camara (Stanford University)
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Date
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Tuesday, 19 November 2024
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Time
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2:30pm - 3:10pm (AEST)
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Abstract
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I incorporate computational constraints into decision theory in order to capture how cognitive limitations affect behavior. I impose an axiom of computational tractability that only rules out behaviors thought to be fundamentally hard. I use this framework to better understand common behavioral heuristics: if choices are tractable and consistent with the expected utility axioms, they are indistinguishable from choice bracketing. Then I show that a computationally-constrained decisionmaker can be objectively better off if she is willing to use heuristics that would not appear rational to an outside observer.
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