In economics, game theory, decision theory, and artificial intelligence, a rational agent is an agent which has clear preferences, models uncertainty via expected values, and always chooses to perform the action that results in the optimal outcome for itself from among all feasible actions. Rational agents are also studied in the fields of cognitive science, ethics, and philosophy, including the philosophy of practical reason.
A rational agent can be anything that makes decisions, typically a person, firm, machine, or software.
The action a rational agent takes depends on:
- the preferences of the agent
- the agent's information of its environment, which may come from past experiences
- the actions, duties and obligations available to the agent
- the estimated or actual benefits and the chances of success of the actions.
In game theory and classical economics, it is often assumed that the actors, people, and firms are rational. However, the extent that people and firms behave rationally is subject to debate. Economists often assume the models of rational choice theory and bounded rationality to formalize and predict the behavior of individuals and firms. Rational agents sometimes behave in manners that are counter-intuitive to many people, as in the Traveler's dilemma.
Artificial intelligence has borrowed the term "rational agents" from economics to describe autonomous programs that are capable of goal directed behavior. Today there is a considerable overlap between AI research, game theory and decision theory. Rational agents in AI are closely related to "intelligent agents", autonomous software programs that display intelligence.
Famous quotes containing the words rational and/or agent:
“Social and scientific progress are assured, sir, once our great system of postpossession payments is in operation, not the installment plan, no sir, but a system of small postpossession payments that clinch the investment. No possible rational human wish unfulfilled. A man with a salary of fifty dollars a week can start payments on a Rolls-Royce, the Waldorf-Astoria, or a troupe of trained seals if he so desires.”
—John Dos Passos (1896–1970)
“The agent never receipts his bill, puts his hat on and bows himself out. He stays around forever, not only for as long as you can write anything that anyone will buy, but as long as anyone will buy any portion of any right to anything that you ever did write. He just takes ten per cent of your life.”
—Raymond Chandler (1888–1959)