3 papers
econ.GN2019
Relative Net Utility and the Saint Petersburg Paradox
Daniel Muller, Tshilidzi Marwala
The famous Saint Petersburg Paradox (St. Petersburg Paradox) shows that the theory of expected value does not capture the real-world economics of decision-making problems. Over the…
cs.AI2018
Automated Tactical Decision Planning Model with Strategic Values Guidance for Local Action-Value-Ambiguity
Daniel Muller, Erez Karpas
In many real-world planning problems, action's impact differs with a place, time and the context in which the action is applied. The same action with the same effects in a differen…
cs.AI2018
Economics of Human-AI Ecosystem: Value Bias and Lost Utility in Multi-Dimensional Gaps
Daniel Muller
In recent years, artificial intelligence (AI) decision-making and autonomous systems became an integrated part of the economy, industry, and society. The evolving economy of the hu…