The Absent-Minded Driver

GAMES AND ECONOMIC BEHAVIOR

Posted: 12 Nov 1997

See all articles by Robert J. Aumann

Robert J. Aumann

Hebrew University of Jerusalem

Sergiu Hart

Hebrew University of Jerusalem - Center for the Study of Rationality

Motty Perry

Hebrew University of Jerusalem - Center for the Study of Rationality; Pennsylvania State University, College of the Liberal Arts - Department of Economic

Abstract

The example of the "absent-minded driver" was introduced by Piccione & Rubinstein [1995] in the context of games and decision problems with imperfect recall. They claim that a "paradox" or "inconsistency" arises when the decision reached at the "planning stage" is compared with that at the "action stage". Though the example is provocative and worth having, their analysis is questionable. A careful analysis reveals that while the considerations at the planning and action stages do differ, there is no paradox or inconsistency.

JEL Classification: C72, D81

Suggested Citation

Aumann, Robert J. and Hart, Sergiu and Perry, Motty, The Absent-Minded Driver. GAMES AND ECONOMIC BEHAVIOR, Available at SSRN: https://ssrn.com/abstract=11527

Robert J. Aumann

Hebrew University of Jerusalem ( email )

Feldman Building
Givat-Ram
Jerusalem, 91904
Israel
+972-2-6584135 (Phone)
+972-2-6513681 (Fax)

Sergiu Hart (Contact Author)

Hebrew University of Jerusalem - Center for the Study of Rationality ( email )

Feldman Building
Givat-Ram
Jerusalem, 91904
Israel
+972-2-6584135 (Phone)
+972-2-6513681 (Fax)

HOME PAGE: http://www.ma.huji.ac.il/~hart

Motty Perry

Hebrew University of Jerusalem - Center for the Study of Rationality ( email )

Feldman Building
Givat-Ram
Jerusalem, 91904
Israel

Pennsylvania State University, College of the Liberal Arts - Department of Economic ( email )

524 Kern Graduate Building
University Park, PA 16802-3306
United States

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