Thermodynamics as a theory of decision-making with information-processing costs

Perfectly rational decision-makers maximize expected utility, but crucially ignore the resource costs incurred when determining optimal actions. Here, we propose a thermodynamically inspired formalization of bounded rational decision-making where information processing is modelled as state changes i...

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Veröffentlicht in:	Proceedings of the Royal Society. A, Mathematical, physical, and engineering sciences Mathematical, physical, and engineering sciences, 2013-05, Vol.469 (2153), p.20120683-20120683
Hauptverfasser:	Ortega, Pedro A., Braun, Daniel A.
Format:	Artikel
Sprache:	eng
Schlagworte:	Bounded Rationality Costs Decision making Free energy Human Information Processing Mathematical models Optimization Thermodynamics Utilities
Online-Zugang:	Volltext
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