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Remarks on the absentminded driver

Rabinowicz, Wlodek (2003) Remarks on the absentminded driver. Studia Logica, 73 (2). pp. 241-256. ISSN 0039-3215

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Identification Number: 10.1023/A:1022936030634

Abstract

Piccione and Rubinstein (1997) present and analyse the sequential decision problem of an “absentminded driver”. The driver's absentmindedness (imperfect recall) leads him to time-inconsistent strategy evaluations. His original evaluation gets replaced by a new one under impact of the information that the circumstances have changed, notwithstanding the fact that this change in circumstances has been expected by him all along. The time inconsistency in strategy evaluation suggests that such an agent might have reason to renege on his adopted strategy. As we shall see, however, this danger is only apparent. There is no serious problem of dynamic inconsistency in this case. My diagnosis of the case under consideration is in many respects similar to the one provided by Aumann, Hart and Perry (1997), but the analysis leading to this diagnosis is not quite the same.

Item Type: Article
Official URL: http://link.springer.com/journal/11225
Additional Information: © 2003 Kluwer Academic Publishers
Divisions: Philosophy, Logic and Scientific Method
Subjects: B Philosophy. Psychology. Religion > B Philosophy (General)
B Philosophy. Psychology. Religion > BC Logic
B Philosophy. Psychology. Religion > BJ Ethics
Sets: Departments > Philosophy, Logic and Scientific Method
Date Deposited: 20 Nov 2013 14:15
Last Modified: 18 Jul 2020 23:27
URI: http://eprints.lse.ac.uk/id/eprint/54483

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