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A framing effect occurs when an agent’s choices are not invariant under changes in the way a decision problem is presented, e.g. changes in the way options are described (violation of description invariance) or preferences are elicited (violation of procedure invariance). Here we identify...
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Under the independence and competence assumptions of Condorcet’s classical jury model, the probability of a correct majority decision converges to certainty as the jury size increases, a seemingly unrealistic result. Using Bayesian networks, we argue that the model’s independence assumption...
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I model sequential decisions over multiple interconnected propositions and investigate pathdependencein such decisions. The propositions and their interconnections are represented in propositionallogic. A sequential decision process is path-dependent if its outcome depends on the order inwhich...
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