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Rationality of an Intelligent Agent

Piotr Filipkowski
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Piotr Filipkowski: Szkoła Główna Handlowa w Warszawie, Instytut Informatyki i Gospodarki Cyfrowej, Zakład Zarządzania Informatyką

Collegium of Economic Analysis Annals, 2018, issue 49, 261-272

Abstract: Many economic theories are built on the assumption that decision makers are fully rational, eg, hypothesis of the efficient market, according to Eugene E. Fama. But in fact, the information on which decisions are made is, in most cases, incomplete. From a computational point of view, decision procedures can be coded in algorithms and heuristics. The purpose of this article is to approximate the concept of rationality of an intelligent agent in systematic terms, taking into account decision-making in a computing context.

Keywords: rationality; decisions; agent (search for similar items in EconPapers)
Date: 2018
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Handle: RePEc:sgh:annals:i:49:y:2018:p:261-272