Constructed Preferences and Value-Focused Thinking: Implications for AI Research on Preference Elicitation

Contents

Decision theory has changed considerably in the last decade. In behavioral decision theory, a large number of studies have shown that human decision making is inherently adaptive and constructive. In prescriptive decision theory, we have witnessed a move from an alternative-focused approach to a value-focused approach. In this paper, we discuss the implications of these new ideas in behavioral and prescriptive decision theory for AI research on preference elicitation.