Sentence examples for perfectly informed of from inspiring English sources

Pairing his critique of central planning with a defence of free markets, Hayek became a sophisticated evolutionary economist whose advocacy of markets drew attention to the weakest element in mainstream economics: the assumption that economic agents are always perfectly informed of alternative opportunities.

People also face knowledge constraints they are neither perfectly informed nor totally ignorant of the implications of their choices, although in making those choices they try to process the available knowledge rationally.

In a game with imperfect information (see Ross 2010 for a discussion), the players may not be perfectly informed about the moves of their opponents or the outcome of chance moves by nature.

Both the buyer (principal) and farmer are perfectly informed about the specification of these functions and the probability distribution over types.

Your bot can even filter advertising messages sent to you — in fact, in a world of perfectly informed bots, traditional advertising may have a diminished role.

There is no inherent difficulty in using the models from Section 2 to describe situations where players are not perfectly informed about the structure of the game (for example, where there is some uncertainty about available actions).

But even after reading the Pentagon Papers, Ellsberg remained loyal to the tenets of decision theory; in leaking the Papers to the press, he was simply changing jurisdictions, trading in a faith that perfectly informed Presidents will make rational decisions for a faith that a perfectly informed public will force rational decisions on misguided Presidents.

In this case, the result of Dessein (2002) [8] that delegating decisions to a perfectly informed expert is better than communication when preferences between the expert and the principal are not too far apart is reversed.

The more perfectly informed politicians are about public opinion, the more they are chained to it.

The intermediaries (Agents) are perfectly informed regarding project types and can recommend that their clients (Principals) either proceed or discontinue a project.

It might be fine, but as Professor Warwick is only too aware, we need to be very well informed of the possible pitfalls of clever little bots asking us perfectly innocent questions.