Metareasoning and Bounded Rationality
Shlomo Zilberstein · The MIT Press eBooks · 2011
What role does metareasoning play in models of bounded rationality? We examine the various existing computational approaches to bounded rationality and divide them into three classes. Only one of these classes significantly relies on a metareasoning component. We explore the characteristics of this class of models and argue that it offers desirable properties. In fact, many of the effective approaches to bounded rationality that have been developed since the early 1980’s match this particular paradigm. We conclude with some open research problems and challenges. Computational models of bounded rationality In the pursuit of building decision-making machines, artificial intelligence researchers often turn to theories of “rationality” in decision theory and economics. Rationality