DocumentCode
832438
Title
The garbling decision maker: A model of bounded rationality
Author
Papadopoulos, Nicholas M.
Author_Institution
Harvard University, Cambridge, MA, USA
Volume
25
Issue
3
fYear
1980
fDate
6/1/1980 12:00:00 AM
Firstpage
577
Lastpage
579
Abstract
A model is constructed of a garbling decision maker-one who randomizes his decision in response to the quantity of information he uses to make his decision. This model is supposed to capture the effects of bounded rationality on decision making and is imbedded in a team problem to model the organization designer´s problem. A few results are derived from the linear-quadratic-Gaussian static team formulation developed here.
Keywords
Decision making; Contracts; Cost function; Optimal control; Performance analysis; Uncertainty; Writing;
fLanguage
English
Journal_Title
Automatic Control, IEEE Transactions on
Publisher
ieee
ISSN
0018-9286
Type
jour
DOI
10.1109/TAC.1980.1102337
Filename
1102337
Link To Document