BRINK

Initial theory on bounded rationality and inconsistent knowledge

Du Zhang*, Mehmet A. Orgun

*Corresponding author for this work

Research output: Chapter in Book/Report/Conference proceedingConference proceeding contribution

8 Citations (Scopus)

Abstract

The theory of bounded rationality takes into consideration the cognitive limitations of decision makers in accomplishing their goals and emphasizes on satisficing behaviors when searching for solutions. One of the hallmarks of rational behaviors in decision-making process is embodied in how to cope with inconsistency. Building cognitive computing systems for real world applications amounts to developing systems that possess bounded rationality. In this paper, we examine how bounded rationality is exhibited in the human cognitive capabilities in handling inconsistency and propose an initial theory on how to incorporate those capabilities into cognitive computing systems. In particular, we focus our attention on two important phenomena: rational-but-inconsistent circumstances, and irrational-but-consistent circumstances. The main contribution of the work lies in the fact that we shed some new light on the interplay between bounded rationality and inconsistency.

Original languageEnglish
Title of host publicationProceedings of the 11th IEEE International Conference on Cognitive Informatics and Cognitive Computing, ICCI*CC 2012
EditorsK. Sugawara, Y. Wang, F. Hattori, T. Nishida, S. Fujita, W. Kinsner, L. A. Zadeh
Place of PublicationPiscataway, NJ
PublisherInstitute of Electrical and Electronics Engineers (IEEE)
Pages18-26
Number of pages9
ISBN (Print)9781467327930
DOIs
Publication statusPublished - 2012
Event11th IEEE International Conference on Cognitive Informatics and Cognitive Computing, ICCI*CC 2012 - Kyoto, Japan
Duration: 22 Aug 201224 Aug 2012

Other

Other11th IEEE International Conference on Cognitive Informatics and Cognitive Computing, ICCI*CC 2012
CountryJapan
CityKyoto
Period22/08/1224/08/12

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