Decision-theoretic entropy
- Abstract: We introduce an axiomatic approach to the problem of inferring a complete and transitive weak ordering representing the agent's preferences given a set of observed constraints. The axioms characterize a unique inference rule, which amounts to the constrained maximization of a certain formula we derive. The formula can be interpreted as the entropy of the agent's preference ordering, and its unique maximand identifies the simplest rationalization of the observed behavior.
| Document Type: | Conference Proceeding |
|---|---|
| Language: | English |
| Author: | Pierfrancesco La MuraORCiD |
| Chairs and Professorships: | Chair of Economics and Information Systems |
| Year of Completion: | 2003 |
| Note: | In: Proceedings of the 9th Conference on Theoretical Aspects of Rationality and Knowledge (TARK-2003), Bloomington, Indiana, USA, June 20-22, 2003, ed. by J. Y. Halpern and M. Tennenholtz, New York, NY: ACM Press, 2003, 35-44 |