Co-Chairs:
Haim Gaifman (Columbia)
Rohit Parikh (CUNY)
Yang Liu (Cambridge)
Rapporteur:
Robby Finley (Columbia)
May, 2016
Reason-based choice and context-dependence: an explanatory framework
Christian List (London School of Economics)
4:10 pm, Friday, May 6th, 2016
Faculty House, Columbia University
Abstract. We introduce a “reason-based” framework for explaining and predicting individual choices. The key idea is that a decision-maker focuses on some but not all properties of the options and chooses an option whose “motivationally salient” properties he/she most prefers. Reason-based explanations can capture two kinds of context dependent choice: (i) the motivationally salient properties may vary across choice contexts, and (ii) they may include “context-related” properties, not just “intrinsic” properties of the options. Our framework allows us to explain boundedly rational and sophisticated choice behaviour. Since properties can be recombined in new ways, it also offers resources for predicting choices in unobserved contexts.
March, 2016
A New Framework for Aggregating Utility
Kenny Easwaran (Texas A&M University)
4:10 pm, Friday, March 11, 2016
Faculty House, Columbia University
Abstract. It is often assumed that a natural way to aggregate utility over multiple agents is by addition. When there are infinitely many agents, this leads to various problems. Vallentyne and Kagan approach this problem by providing a partial ordering over outcomes, rather than a numerical aggregate value. Bostrom and Arntzenius both argue that without a numerical value, it is difficult to integrate this aggregation into our best method for considering acts with risky outcomes: expected value.
My 2014 paper, “Decision Theory without Representation Theorems”, describes a project for evaluating risky acts that extends expected value to cases where it is infinite or undefined. The project of this paper is to extend this methodology in a way that deals with risk and aggregation across agents simultaneously, instead of giving priority to one or the other as Bostrom and Arntzenius require. The result is still merely a partial ordering, but since it already includes all considerations of risk and aggregation, there is no further need for particular numerical representations.
December, 2015
Two Approaches to Belief Revision
Branden Fitelson (Rutgers University)
4:10 pm, Friday, December 18, 2015
Faculty House, Columbia University
Abstract. In this paper, we compare and contrast two methods for revising qualitative (viz., “full”) beliefs. The first method is a (broadly) Bayesian one, which operates (in its most naive form) via conditionalization and the minimization of expected inaccuracy. The second method is the AGM approach to belief revision. Our aim here is to provide the most straightforward explanation of the ways in which these two methods agree and disagree with each other. Ultimately, we conclude that AGM may be seen as more epistemically risk-seeking (in a sense to be made precise in the talk) than EUT (from the Bayesian perspective).
This talk is based on a joint work with Ted Shear.
November, 2015
Creolizing the Web
Bud Mishra (Courant Institute, NYU)
4:10 pm, Friday, November 20, 2015
Faculty House, Columbia University
Abstract. This talk will focus on a set of game theoretic ideas with applications to Computer, Biological and Social Sciences. We will primarily rely on a realistic formulation of classical information-asymmetric signaling games, in a repeated form, while allowing the agents to dynamically vary their utility functions. We will also explore the design and creolization of a new natural language system (“InTuit”) specifically designed for the web.
The talk will build on our earlier experience in the areas of systems biology (evolutionary models), game theory, data science, model checking, causality analysis, cyber security, insider threat, virtualization and data markets.
September, 2015
Awareness of Unawareness: A Theory of Decision Making in the Face of Ignorance
Edi Karni (Johns Hopkins University)
4:10 pm, Friday, September 25, 2015
Faculty House, Columbia University
Abstract. In the wake of growing awareness, decision makers anticipate that they might acquire knowledge that, in their current state of ignorance, is unimaginable. Supposedly, this anticipation manifests itself in the decision makers’ choice behavior. In this paper we model the anticipation of growing awareness, lay choice-based axiomatic foundations to subjective expected utility representation of beliefs about the likelihood of discovering unknown consequences, and assign utility to consequences that are not only unimaginable but may also be nonexistent. In so doing, we maintain the flavor of reverse Bayesianism of Karni and Vierø (2013, 2015).