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Ambrus-Lakatos, Lorand
Year of Publication: 
Series/Report no.: 
KTK/IE Discussion Papers 1999/5
In this paper, I seek to establish a framework in which solutions to imperfect recall decision problems can be suitably examined. I introduce a strategy concept which is an extension of the standard concept employed since von Neumann and Morgenstern, and show how it may provide optimal solutions to problems which feature forgetting. For a technical analysis, I provide a characterization of imperfect recall extensive forms, a crucial input into future studies on the properties of optimal extended strategies. Also, I discuss further issues in decision theory with imperfect recall, including the prospects of induced forgetting when preferences change during the problem.
decision theory
bounded rationality
imperfect recall
Document Type: 
Working Paper

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