TY  - UNPB
M1  - Doctoral
A1  - Lilico, A
ID  - discovery1383526
N2  - This thesis is about multi-period problems in which the decision-maker
or players cannot see far enough ahead to solve the problem completely.
The thesis considers why it might be that players reason forwards at all,
let alone reasoning forwards only finitely far. It shows, using finite automata,
that there is a class of problems for which forwards reasoning is more efficient
than backwards reasoning. It goes on to use these finite automata to solve
for an optimal foresight length.
It then discusses solution concepts, and applies its preferred solution concept
to two problems - one macro problem involving a central banker, and
one micro problem concerning the decision whether to smoke.
PB  - University of London
UR  - https://discovery.ucl.ac.uk/id/eprint/1383526/
N1  - Thesis digitised by British Library EThOS.
TI  - Limited foresight
EP  - 127
AV  - public
Y1  - 2004///
ER  -