4 articles for “rational agents”

Research ArticleOpen accessPhrase in the titleImperfectly-Rational Agents, Volatility of Reserves and Customer MarketsPartha Gangopadhyay, Renu GangopadhyayPotential customers in customer markets are typically dichotomised into actual and prospective customers. If the firm holds its price firm, the actual customers hold their reserves/reservation price firm and repeat their purchases. On the other hand, prospective customers’ reserves may be volatile due to their non-equilibrium market experience. One may regard a prospective buyer with a volatile reserve as imperfectly … …American Journal of Applied Sciences, Vol. 2, Issue 13 · 11 Dec 2005 · 8,206 accessesView PDF Cite

Research ArticleOpen accessIn the keywordsOn the Evolutionary Fitness of Bounded Rationality: Heterogeneous Populations in Antagonistic InteractionsTassos PatokosConventional game theory assumes hyper-rational players, while evolutionary game theory abandons the assumption. This paper studies what happens when agents of both profiles co-exist and get engaged in a series of antagonistic interactions (the Hawk-Dove game). It is shown that if rational agents are perfectly informed as to the type of their opponent, they find it optimal to always be … …American Journal of Applied Sciences, Vol. 2, Issue 13 · 1 Dec 2005 · 8,022 accessesView PDF Cite

Review ArticleOpen accessIn the abstractA Review on Automated Menu Planning ApproachesHea Choon Ngo, Yu-N Cheah, Ong Sing Goh et al.Planning is widely been used in many areas such as in medicine, administration, business, logistics, education, environment and family matters. In automated planning research, the word "plans" refers specifically to plans of action. It is about the representation of future behavior, generally a series of action, with temporal and other constraints on them for execution by some agents. Theoretically, planning … …Journal of Computer Science, Vol. 12, Issue 12 · 8 Feb 2017 · 8,183 accessesView PDF Cite

Research ArticleOpen accessIn the abstractRational Rules of Thumb in Finite Dynamic Games N-person Backward Induction with Inconsistently Aligned Beliefs and Full RationalityYanis VaroufakisRecent work has cast considerable doubt on the plausibility of specific assumptions about how rational agents form out-of-equilibrium beliefs in finite extensive games in which beliefs are induced backwards. The point is that the resulting consistently aligned beliefs are incoherent in view of the counterfactuals they rely on. This study asks: How will the possibility of inconsistently aligned beliefs affect … …American Journal of Applied Sciences, Vol. 2, Issue 13 · 16 Dec 2005 · 8,114 accessesView PDF Cite