CMPS240, Spring 2013, Section 01: Lecture 10: Thursday, May 2, 2013

We discussed:

        Subjective probabilities and priors.

        One-armed bandit problems.

        Allias Paradox

        Ellseberg Paradox

 

        New SAT algorithm: Walksub!

 

    hypothesis: (humans act to maximize their emotions such as avoidance of regret):

                   for example if a coin is biased x=0.55, nonoptimally humans will tend to

           pick heads 55% of the time, whereas it is optimal to pick heads 100% of the time.

            (even though going with the trend insures mistakes).