Information-Theoretic Bounded Rationality and ε-Optimality

Bounded rationality concerns the study of decision makers with limited information processing resources. Previously, the free energy difference functional has been suggested to model bounded rational decision making, as it provides a natural trade-off between an energy or utility function that is to...

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Bibliographic Details
Main Authors: Daniel A. Braun, Pedro A. Ortega
Format: Article
Language:English
Published: MDPI AG 2014-08-01
Series:Entropy
Subjects:
Online Access:http://www.mdpi.com/1099-4300/16/8/4662