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McNamara et al. (2012) claim to provide an explanation of certain systematic deviations from rational behavior using a mechanism that could arise through natural selection. We provide an arguably much simpler mechanism in terms of computational limitations, that performs better in the environment described by McNamara et al. (2012). To argue convincingly that animals’ use of state-dependent valuation...
There have been two major lines of research aimed at capturing resource‐bounded players in game theory. The first, initiated by Rubinstein ([Rubinstein, A., 1986]), charges an agent for doing costly computation; the second, initiated by Neyman ([Neyman, A., 1985]), does not charge for computation, but limits the computation that agents can do, typically by modeling agents as finite automata. We review...
The algorithmic challenge of maximizing information diffusion through word-of-mouth processes in social networks has been heavily studied in the past decade. While there has been immense progress and an impressive arsenal of techniques has been developed, the algorithmic frameworks make idealized assumptions regarding access to the network that can often result in poor performance of state-of-the-art...
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