Agenda

02 Ott 2024 12:15

Bhavook Bhardwaj - Decisions over Sequences

Meeting Room 1, San Giobbe Economics Campus + online

Bhavook Bhardwaj

Abstract:

This paper introduces a model of decision making where a decision maker examines alternatives sequentially. We study a class of objects called decision rules that map infinite sequences of alternatives to a decision space. Within the class of decision rules, we focus on two natural subclasses —stopping and uniform stopping rules. Our main result, the Reduction Lemma, establishes the equivalence of these two subclasses of decision rules. Next, we introduce the notion of computability of decision rules using Turing machines and show that computable rules can be implemented using a simpler computational device —a finite automaton. We further show that computability of choice rules —an important subclass of decision rules—is implied by their continuity with respect to a natural topology. Finally, we introduce some natural choice procedures in our framework and provide their behavioral characterization.

The seminar can be attended also remotely, connecting to ZOOM.

Link Zoom: bit.ly/insem-2425
ID riunione:  880 2639 9452
Passcode: InSem-2425

Lingua

L'evento si terrà in inglese

Organizzatore

Department of Economics (InSeminars)

Link

http://bit.ly/insem-2425

Cerca in agenda