Bounded Rational Decision-Making with Adaptive Neural Network Priors

4 Sep 2018Heinke HihnSebastian GottwaldDaniel A. Braun

Bounded rationality investigates utility-optimizing decision-makers with limited information-processing power. In particular, information theoretic bounded rationality models formalize resource constraints abstractly in terms of relative Shannon information, namely the Kullback-Leibler Divergence between the agents' prior and posterior policy... (read more)

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