Speaker: James Wright, Microsoft Research
In order to do a good job of interacting with people, a system must have an adequate model of how people will react to its actions. This is particularly true in strategic settings: settings that contain multiple agents, each with their own goals and priorities, in which each agent's ability to accomplish their goals depends partly on the actions of the other agents. Standard models of strategic behavior assume that the participants are perfectly rational. However, a wealth of experimental evidence shows that not only do human agents fail to behave according to these models, but that they frequently deviate from these models' predictions in a predictable, systematic way.