2022
DOI: 10.1007/s42113-022-00141-6
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Leveraging Machine Learning to Automatically Derive Robust Decision Strategies from Imperfect Knowledge of the Real World

Abstract: Teaching people clever heuristics is a promising approach to improve decision-making under uncertainty. The theory of resource rationality makes it possible to leverage machine learning to discover optimal heuristics automatically. One bottleneck of this approach is that the resulting decision strategies are only as good as the model of the decision problem that the machine learning methods were applied to. This is problematic because even domain experts cannot give complete and fully accurate descriptions of … Show more

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Cited by 2 publications
(4 citation statements)
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“…This suggests that human decision making still has room for improvement, even when people’s cognitive constraints are taken into account. Our method could be used to provide feedback and teach people which heuristics to use and under what circumstances, in a manner that accounts for their cognitive limitations, providing a computationally informed path to improving human decision making (Becker et al, 2022; Callaway, Jain, et al, 2022; Consul et al, 2022; Mehta et al, 2022; Skirzyński et al, 2021).…”
Section: Discussionmentioning
confidence: 99%
“…This suggests that human decision making still has room for improvement, even when people’s cognitive constraints are taken into account. Our method could be used to provide feedback and teach people which heuristics to use and under what circumstances, in a manner that accounts for their cognitive limitations, providing a computationally informed path to improving human decision making (Becker et al, 2022; Callaway, Jain, et al, 2022; Consul et al, 2022; Mehta et al, 2022; Skirzyński et al, 2021).…”
Section: Discussionmentioning
confidence: 99%
“…This suggests that our method is, in principle, applicable to a wide range of decision problems people face in the real world as long as the essential structure of those problems can be modeled within our general metalevel MDP framework (Griffiths et al, 2019;Callaway et al, 2022b;a). We have previously argued that this is the case for a wide range of common real-world decisions, such as purchasing decisions, hiring choices, investment decisions, deciding which charity to donate to, medical diagnosis, treatment planning, and credit approval decisions (Mehta et al, 2022;Skirzyński et al, 2021a;Callaway et al, 2022a).…”
Section: Discussionmentioning
confidence: 99%
“…However, our approach does not require that all of those assumptions are correct. To the contrary, the methods described here can be combined with recent advances that have made strategy discovery methods robust to errors in the model of the decision problems to be solved (Mehta et al, 2022). Moreover, our strategy discovery methods can also be extended to environments where the true state of affairs is unknown because it cannot be observed directly (Heindrich et al, 2022).…”
Section: Discussionmentioning
confidence: 99%
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