[PDF] Bounded Rationality in Wagering Mechanisms - Vasilis Syrgkanis
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Wagering mechanisms allow decision makers to inexpensively collect forecasts from groups of experts who reveal their information via bets with one another.
Wagering mechanisms allow decision makers to inexpensively collect forecasts from groups of experts who reveal their information via bets with one another.
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Wagering mechanisms allow decision makers to inexpensively collect forecasts from groups of experts who reveal their information via bets with one another.
David M. Pennock, Vasilis Syrgkanis, Jennifer Wortman Vaughan: Bounded Rationality in Wagering Mechanisms. UAI 2016. manage site settings.
A model of bounded rationality signifies a model that contains a procedural element of reasoning that is not consistent with full rationality.
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Wagering mechanisms are one-shot betting mechanisms that elicit agents' predictions of an event. For determin- istic wagering mechanisms, an existing ...
[PDF] An Equivalence Between Wagering and Fair-Division Mechanisms
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Individual rationality, which ensures that risk-neutral agents benefit in expectation from participation in a wagering mechanism, corresponds to the notion of ...
Sep 26, 2021 · The findings suggest that the whole spectrum from rationality to highly destructive irrationality can be found within the gambler popula- tion.
The frequent violation of the Bayesian-rationality assumption arguably contributes to the observed markets' failure in aggregating information in experiments ...
Oct 13, 2021 · Bounded rationality is characterized by the relaxation of at least one of the assumptions behind full rationality. Relaxations refer to what is ...