Abstract
Rational models in decision processes fail because of cognitive and motivational biases that produce different effects mainly linked to mental models of each person. We point out the importance of the level of information of each problem solver in causing inconsistent preferences in a decision process both in cooperative decision problems and in non-cooperative ones. We demonstrate that only in particular cases the optimum and rational decision matches with the real one influenced by different kind of emotions. Furthermore, behavioural biases influence also the modeller, so how the decision model is constructed and presented is different depending on the modellers, and these differences also can influence the final choice of each agent. In the end, we can obtain different results with the same model.
Angelarosa Longo—The views expressed in the studies are those of the author and do not involve the responsibility of the institution to which she belongs.
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Ventre, V., Longo, A., Maturo, F. (2021). The Role of the Communication and Information in Decision-Making Problems. In: Hošková-Mayerová, Š., Flaut, C., Maturo, F. (eds) Algorithms as a Basis of Modern Applied Mathematics. Studies in Fuzziness and Soft Computing, vol 404. Springer, Cham. https://doi.org/10.1007/978-3-030-61334-1_20
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