Remarks on the absentminded driver

Studia Logica 73 (2):241 - 256 (2003)
Abstract
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)
Reprint years 2004
DOI 10.1023/A:1022936030634
Options
 Save to my reading list
Follow the author(s)
Edit this record
My bibliography
Export citation
Find it on Scholar
Mark as duplicate
Request removal from index
Revision history
Download options
Our Archive


Upload a copy of this paper     Check publisher's policy     Papers currently archived: 30,798
Through your library
References found in this work BETA

No references found.

Add more references

Citations of this work BETA

Add more citations

Similar books and articles
Added to PP index
2009-01-28

Total downloads
43 ( #125,173 of 2,202,423 )

Recent downloads (6 months)
1 ( #301,061 of 2,202,423 )

How can I increase my downloads?

Monthly downloads
My notes
Sign in to use this feature