Studia Logica 73 (2):241 - 256 (2003)
Piccione and Rubinstein (1997) present and analyse the sequential decision problem of an “absentminded driver”. The driver's absentmindedness (imperfect recall) leads him to time-inconsistent strategy evaluations. His original evaluation gets replaced by a new one under impact of the information that the circumstances have changed, notwithstanding the fact that this change in circumstances has been expected by him all along. The time inconsistency in strategy evaluation suggests that such an agent might have reason to renege on his adopted strategy. As we shall see, however, this danger is only apparent. There is no serious problem of dynamic inconsistency in this case. My diagnosis of the case under consideration is in many respects similar to the one provided by Aumann, Hart and Perry (1997), but the analysis leading to this diagnosis is not quite the same.
|Keywords||absentminded driver dynamic inconsistency|
|Categories||categorize this paper)|
References found in this work BETA
No references found.
Citations of this work BETA
Lost Memories and Useless Coins: Revisiting the Absentminded Driver.Wolfgang Schwarz - 2015 - Synthese 192 (9):3011-3036.
Similar books and articles
A Drunk Driver, a Sober Pedestrian and the Allocation of Tragically Scarce and Indivisible Emergency Hospital Treatment.Hugh V. McLachlan & J. K. Swales - 1999 - Health Care Analysis 7 (1):5-21.
Aesop's Fox: Consequentialist Virtue Meets Egocentric Bias.Dale L. Clark - 2009 - Philosophical Psychology 22 (6):727 – 737.
To Have One's Cake and Eat It, Too: Sequential Choice and Expected-Utility Violations.Wlodek Rabinowicz - 1995 - Journal of Philosophy 92 (11):586-620.
Emotional Expressions of Moral Value.Julie Tannenbaum - 2007 - Philosophical Studies 132 (1):43 - 57.
Added to index2009-01-28
Total downloads42 ( #120,445 of 2,153,478 )
Recent downloads (6 months)7 ( #105,171 of 2,153,478 )
How can I increase my downloads?