Advertisement

Psychometrika

, Volume 21, Issue 3, pp 267–272 | Cite as

A comparison of game theory and learning theory

  • Herbert A. Simon
Article

Abstract

It is shown that Estes' formula for the asymptotic behavior of a subject under conditions of partial reinforcement can be derived from the assumption that the subject is behaving rationally in a certain game-theoretic sense and attempting to minimax his regret. This result illustrates the need for specifying the frame of reference or set of the subject when using the assumption of rationality to predict his behavior.

Keywords

Public Policy Asymptotic Behavior Game Theory Statistical Theory Learning Theory 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

References

  1. 1.
    Thrall, R. M., Coombs, C. H., and Davis, R. L. (Eds.) Decision processes. New York: Wiley, 1954.Google Scholar
  2. 2.
    Estes, W. K. Individual behavior in uncertain situations: an interpretation in terms of statistical association theory. In (1), chap. 9.Google Scholar
  3. 3.
    Flood, M. W. Game-learning theory and some decision-making experiments. In (1), chap. 10.Google Scholar
  4. 4.
    Flood, M. W. Environmental non-stationarity in a sequential decision-making experiment. In (1), chap. 18.Google Scholar
  5. 5.
    Simon, H. A. A behavioral model of rational choice.Quart. J. Econ.,69, 1955, 99–118.Google Scholar

Copyright information

© Psychometric Society 1956

Authors and Affiliations

  • Herbert A. Simon
    • 1
  1. 1.Carnegie Institute of TechnologyUSA

Personalised recommendations