Subjective vs. Objective reality - The risk of running late

Amos Fiat*, Hila Pochter

*Corresponding author for this work

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-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 languageEnglish
Title of host publicationAlgorithmic Game Theory - First International Symposium, SAGT 2008, Proceedings
PublisherSpringer Verlag
Pages279-290
Number of pages12
ISBN (Print)3540793089, 9783540793083
DOIs
StatePublished - 2008
Event1st International Symposium on Algorithmic Game Theory, SAGT 2008 - Paderborn, Germany
Duration: 30 Apr 20082 May 2008

Publication series

NameLecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics)
Volume4997 LNCS
ISSN (Print)0302-9743
ISSN (Electronic)1611-3349

Conference

Conference1st International Symposium on Algorithmic Game Theory, SAGT 2008
Country/TerritoryGermany
CityPaderborn
Period30/04/082/05/08

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