Optimization and improvement [Book Review]
David Bourget (Western Ontario)
David Chalmers (ANU, NYU)
Rafael De Clercq
Ezio Di Nucci
Jonathan Jenkins Ichikawa
Jack Alan Reynolds
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Philosophical Studies 148 (3):467 - 475 (2010)
Agents face serious obstacles to making optimal decisions. For instance, their cognitive limits stand in the way. John Pollock’s book, Thinking about Acting , suggests many ways of revising decision principles to accommodate human limits and to direct limited, artificial agents. The book’s main proposal is to replace optimization, or expected-utility maximization, with locally global planning. This essay describes optimization and locally global planning, and then argues that optimization among salient options has the virtues of locally global planning without certain drawbacks. Although it does not endorse locally global planning, it recommends that decision theory incorporate some of the book’s ideas about settling for improvements when optimization among all options is unrealistic.
|Keywords||Decisions Expected utility Optimization Planning Rationality Satisficing|
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Citations of this work BETA
Paul Weirich (1985). Decision Instability. Australasian Journal of Philosophy 63 (4):465 – 472.
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Frédéric Laville (2000). Should We Abandon Optimization Theory? The Need for Bounded Rationality. Journal of Economic Methodology 7 (3):395-426.
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