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Matematicheskaya Teoriya Igr i Ee Prilozheniya, 2022, Volume 14, Issue 1, Pages 49–84 (Mi mgta296)  

This article is cited in 2 scientific papers (total in 2 papers)

Bounded rationality and control

Dmitriy A. Novikov

Institute of Problems of Control
Full-text PDF (266 kB) Citations (2)
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Abstract: The rationality constraint condition is formulated, which states that when solving control, computing and communication problems ($C^3$) together, real-time requirements may not make it possible to find the optimal solution (control action), forcing the use of almost optimal solutions (the best found with the existing restrictions on the search procedure). This condition connects and demonstrates the unity and deep interconnection of such concepts common in management and optimization as: necessary diversity, limited rationality, analytical complexity, heuristics, records in real-time optimization. In relation to the problem of institutional management of organizational and technical systems, a number of examples of solving problems of minimizing error or complexity, as well as searching for: critical bandwidth of the communication channel, critical computing rate and the maximum number of controlled subsystems are given.
Keywords: decision-making, bounded rationality, network management, hierarchical game theory, analytical complexity, real time, the law of necessary diversity, heuristics, standard solution.
Received: 03.11.2021
Revised: 10.01.2022
Accepted: 10.03.2022
Document Type: Article
UDC: 519.876.2
BBC: 22.18
Language: Russian
Citation: Dmitriy A. Novikov, “Bounded rationality and control”, Mat. Teor. Igr Pril., 14:1 (2022), 49–84
Citation in format AMSBIB
\Bibitem{Nov22}
\by Dmitriy~A.~Novikov
\paper Bounded rationality and control
\jour Mat. Teor. Igr Pril.
\yr 2022
\vol 14
\issue 1
\pages 49--84
\mathnet{http://mi.mathnet.ru/mgta296}
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  • https://www.mathnet.ru/eng/mgta/v14/i1/p49
  • This publication is cited in the following 2 articles:
    Citing articles in Google Scholar: Russian citations, English citations
    Related articles in Google Scholar: Russian articles, English articles
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