Behavioral Mathematics for Game AI

Rational Ignorance

While Monty Hall taught us that we often fail to take all the relevant factors into account when making a decision, there is a different reason we may not reach the pinnacle of rational decision making. Sometimes we may elect to not perform in a completely rational manner. This is different from what we explored above with the Guess Two-Thirds Game where we decided to not pursue a purely rational line of thought. In this case, by conceding to rational ignorance, we are making a rational decision to remain ignorant of all the relevant information. By doing so, we will be violating the rules of normative decision theory in that ...