Inconsistent Planning: When in Doubt, Toss a Coin!

Yuriy Dementiev, Fedor V. Fomin, Artur Ignatiev

[AAAI-22] Main Track
Abstract: One of the most widespread human behavioral biases is the present bias -- the tendency to overestimate current costs by a bias factor. Kleinberg and Oren (2014) introduced an elegant graph-theoretical model of inconsistent planning capturing the behavior of a present-biased agent accomplishing a set of actions. The essential measure of the system introduced by Kleinberg and Oren is the cost of irrationality -- the ratio of the total cost of the actions performed by the present-biased agent to the optimal cost. This measure is vital for a task designer to estimate the aftermaths of human behavior related to time-inconsistent planning, including procrastination and abandonment.

As we prove in this paper, the cost of irrationality is highly susceptible to the agent's choices when faced with a few possible actions of equal estimated costs. To address this issue, we propose a modification of Kleinberg-Oren's model of inconsistent planning. In our model, when an agent selects from several options of minimum prescribed cost, he uses a randomized procedure. We explore the algorithmic complexity of computing and estimating the cost of irrationality in the new model.

Introduction Video

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    Fri, February 25 5:00 PM - 6:45 PM (+00:00)
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    Sat, February 26 4:45 PM - 6:30 PM (+00:00)
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