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Representing and solving decision problems with limited information

Abstract:
We introduce the notion of Limited Memory Influence Diagram (LIMID) to describe multistage decision problems in which the traditional assumption of no forgetting is relaxed. This can be relevant in situations with multiple decision makers or when decisions must be prescribed under memory constraints, such as in partially observed Markov decision processes (POMDPs). We give an algorithm for improving any given strategy by local computation of single policy updates and investigate conditions for the resulting strategy to be optimal.
Publication status:
Published

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Publisher copy:
10.1287/mnsc.47.9.1235.9779

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Institution:
University of Oxford
Division:
MPLS
Department:
Statistics
Role:
Author
Journal:
MANAGEMENT SCIENCE
Volume:
47
Issue:
9
Pages:
1235-1251
Publication date:
2001-09-01
DOI:
EISSN:
1526-5501
ISSN:
0025-1909
Source identifiers:
97564
Language:
English
Keywords:
Pubs id:
pubs:97564
UUID:
uuid:9a804690-aa88-4070-bae1-7a862e19eb88
Local pid:
pubs:97564
Deposit date:
2012-12-19

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