Subjective vs. Objective reality - The risk of running late

Amos Fiat; Hila Pochter

doi:10.1007/978-3-540-79309-0_25

Subjective vs. Objective reality - The risk of running late

Amos Fiat^*, Hila Pochter

^*Corresponding author for this work

School of Computer Science

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

Abstract

We study selfish agents that have a "distorted view" of reality. We introduce a framework of subjective vs. objective reality. This is very useful to model risk averse behavior. Natural quality of service issues can be cast as special cases thereof. In particular, we study two applicable variants of the price of anarchy paradigm, the subjective price of anarchy where one compares the "optimal" subjective outcome to the outcome that arises from selfish subjective reality agents, and the objective price of anarchy where one compares the optimal objective outcome to that derived by selfish subjective agents.

Original language	English
Title of host publication	Algorithmic Game Theory - First International Symposium, SAGT 2008, Proceedings
Publisher	Springer Verlag
Pages	279-290
Number of pages	12
ISBN (Print)	3540793089, 9783540793083
DOIs	https://doi.org/10.1007/978-3-540-79309-0_25
State	Published - 2008
Event	1st International Symposium on Algorithmic Game Theory, SAGT 2008 - Paderborn, Germany Duration: 30 Apr 2008 → 2 May 2008

Publication series

Name	Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics)
Volume	4997 LNCS
ISSN (Print)	0302-9743
ISSN (Electronic)	1611-3349

Conference

Conference	1st International Symposium on Algorithmic Game Theory, SAGT 2008
Country/Territory	Germany
City	Paderborn
Period	30/04/08 → 2/05/08

Access to Document

10.1007/978-3-540-79309-0_25

Cite this

Fiat, A., & Pochter, H. (2008). Subjective vs. Objective reality - The risk of running late. In Algorithmic Game Theory - First International Symposium, SAGT 2008, Proceedings (pp. 279-290). (Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics); Vol. 4997 LNCS). Springer Verlag. https://doi.org/10.1007/978-3-540-79309-0_25

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Fiat, A & Pochter, H 2008, Subjective vs. Objective reality - The risk of running late. in Algorithmic Game Theory - First International Symposium, SAGT 2008, Proceedings. Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics), vol. 4997 LNCS, Springer Verlag, pp. 279-290, 1st International Symposium on Algorithmic Game Theory, SAGT 2008, Paderborn, Germany, 30/04/08. https://doi.org/10.1007/978-3-540-79309-0_25

Subjective vs. Objective reality - The risk of running late. / Fiat, Amos; Pochter, Hila.
Algorithmic Game Theory - First International Symposium, SAGT 2008, Proceedings. Springer Verlag, 2008. p. 279-290 (Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics); Vol. 4997 LNCS).

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

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Subjective vs. Objective reality - The risk of running late

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