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A unified epistemological theory of information processing

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  • Áron Tóbiás

    (Syracuse University)

Abstract

What does it mean for an agent faced with choice under uncertainty to “know” something? While a variety of mathematical methods are available to construct formal models to answer this question, the combination of different approaches may lead to unsettling paradoxes. I propose a unified theory that eliminates such inconsistencies by relying on a sharp conceptual distinction between information the decision-maker observes and how much of that information she can cognitively process. The resulting model allows for natural decision-theoretic characterizations of comparing different amounts of information.

Suggested Citation

  • Áron Tóbiás, 2021. "A unified epistemological theory of information processing," Theory and Decision, Springer, vol. 90(1), pages 63-83, February.
    • Handle: RePEc:kap:theord:v:90:y:2021:i:1:d:10.1007_s11238-020-09769-x
    DOI: 10.1007/s11238-020-09769-x
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    References listed on IDEAS

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