
School Seminar series | The Sure-Thing Principle and the Optimality of Consistent Plans by Simon Grant
Invites you to a
School seminar presented by
(Australian National University)
The Sure-Thing Principle and the Optimality of Consistent Plans
Co-authors:
Berend Roorda (University of Twente)
Jingni Yang (Australian National University)
Thursday 3 November
11.00am – 12.30pm
Via Zoom: Meeting Link
Abstract: We consider a decision-maker’s preferences over a class of decision trees involving the selection of an act from a menu conditional on receipt of a signal. Given the decision maker’s contingent choices in each tree maximize her (potentially non-consequentialist) conditional preferences, we show every (dynamically) consistent plan will be (ex ante) optimal with respect to her (static) preferences over acts, if and only if those preferences exhibit a property introduced by Grant et al (2000) as a way to operationalize Savage’s (1954) extralogical Sure-Thing Principle.
For further information contact: School seminar series coordinators Dr Ye Lu (ye.lu1@sydney.edu.au) & Dr Alastair Fraser (alastair.fraser@sydney.edu.au)
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