The value of (bounded) memory in a changing world

被引：4

作者：

Monte, Daniel ^{[1
]}

Said, Maher ^{[2
]}

机构：

[1] FGV, Sao Paulo Sch Econom, Sao Paulo, Brazil

[2] Washington Univ, Olin Business Sch, St Louis, MO 63130 USA

来源：

ECONOMIC THEORY | 2014年 / 56卷 / 01期

关键词：

Bounded memory; Dynamic decision making; Partially observable Markov decision process; RATIONALITY; COMPLEXITY;

D O I：

10.1007/s00199-013-0771-1

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper explores the value of memory in decision making in dynamic environments. We examine the decision problem faced by an agent with bounded memory who receives a sequence of signals from a partially observable Markov decision process. We characterize environments in which the optimal memory consists of only two states. In addition, we show that the marginal value of additional memory states need not be positive and may even be negative in the absence of free disposal.

引用

页码：59 / 82

页数：24

共 50 条

[21] Enhancing Forest Productivity, Value, and Health through Silviculture in a Changing World
Thiffault, Nelson
Pinno, Bradley D.
[J]. FORESTS, 2021, 12 (11):
[22] Breeding southern US and Mexican pines for increased value in a changing world
Hodge, Gary R.
Dvorak, William S.
[J]. NEW FORESTS, 2014, 45 (03) : 295 - 300
[23] IMMUNOLOGY IN A CHANGING WORLD AND IMMUNOLOGY CHANGING THE WORLD
NATVIG, JB
[J]. IMMUNOLOGY TODAY, 1990, 11 (03): : 72 - 73
[24] A NOTE ON BOUNDED INDEX AND BOUNDED VALUE DISTRIBUTION
FRICKE, GH
[J]. INDIAN JOURNAL OF PURE & APPLIED MATHEMATICS, 1980, 11 (04): : 428 - 432
[25] Breeding southern US and Mexican pines for increased value in a changing world
Gary R. Hodge
William S. Dvorak
[J]. New Forests, 2014, 45 : 295 - 300
[26] Changing roles in a changing world
O Laoide, S
[J]. IRISH VETERINARY JOURNAL, 1999, 52 (12) : 681 - 681
[27] Changing minds in a changing world
Wolfgang Schwarz
[J]. Philosophical Studies, 2012, 159 : 219 - 239
[28] Changing the World by Changing the Data
Rogers, Anna
[J]. 59TH ANNUAL MEETING OF THE ASSOCIATION FOR COMPUTATIONAL LINGUISTICS AND THE 11TH INTERNATIONAL JOINT CONFERENCE ON NATURAL LANGUAGE PROCESSING, VOL 1 (ACL-IJCNLP 2021), 2021, : 2182 - 2194
[29] Changing minds in a changing world
Schwarz, Wolfgang
[J]. PHILOSOPHICAL STUDIES, 2012, 159 (02) : 219 - 239
[30] Changing nomads in a changing world
van Wolputte, Steven
[J]. SOCIAL ANTHROPOLOGY, 2005, 13 (02) : 232 - 233

← 1 2 3 4 5 →