Extending Rational Choice: Value Refinement in AI Decisions

Date:

Learning the Value of Value Learning

Summary: arXiv:2511.17714v5 Announce Type: replace

Abstract: Standard decision frameworks address uncertainty about facts but assume fixed options and values. We extend the Jeffrey-Bolker framework to model refinements in values and prove a value-of-information theorem for axiological refinement. In multi-agent settings, we establish that mutual refinement will characteristically transform zero-sum games into positive-sum interactions and yield Pareto-improvements in Nash bargaining. These results show that a framework of rational choice can be extended to model value refinement. By unifying epistemic and axiological refinement under a single formalism, we broaden the conceptual foundations of rational choice and illuminate the normative status of ethical deliberation.

Introduction

The field of artificial intelligence (AI) has made significant strides in recent years, particularly in the realm of decision-making frameworks. Traditional models have predominantly focused on the uncertainty of factual information while operating under the assumption that options and values remain static. However, as we delve deeper into the complexities of rational choice theory, it becomes clear that both options and values are subject to refinement. This article explores an innovative extension of the Jeffrey-Bolker framework, which provides a robust model for understanding how value refinement impacts decision-making processes.

Key Findings

  • Extension of the Jeffrey-Bolker Framework: The research extends the existing decision frameworks to incorporate dynamic value refinement, allowing for a more nuanced understanding of decision-making under uncertainty.
  • Value-of-Information Theorem: A significant outcome of this work is the establishment of a value-of-information theorem specifically for axiological refinement, highlighting the benefits of refining values in decision processes.
  • Multi-Agent Settings: The findings indicate that in multi-agent scenarios, mutual value refinement can lead to a transformation of zero-sum games into positive-sum interactions, fostering cooperative behavior.
  • Pareto Improvements in Nash Bargaining: The research demonstrates that value refinement can yield Pareto improvements in Nash bargaining situations, where all parties can benefit simultaneously.

Implications for Rational Choice Theory

This study significantly broadens the conceptual foundations of rational choice theory. By integrating both epistemic (knowledge-related) and axiological (value-related) refinements into a single framework, it provides a unified approach to understanding decision-making processes. The implications of this work extend beyond theoretical discussions; they pave the way for practical applications in AI systems that require ethical deliberation and value alignment.

Conclusion

The exploration of value refinement not only enhances our understanding of decision-making frameworks but also emphasizes the importance of ethical considerations in AI. As we continue to develop intelligent systems capable of making complex decisions, incorporating a framework that allows for the dynamic nature of values will be crucial. This research highlights that rational choice can be more than a static model; it can evolve to reflect the multifaceted nature of human values and ethics, ultimately leading to better decision outcomes in AI applications.

Future Directions

Looking ahead, further research is necessary to explore the practical implications of this extended framework in real-world AI systems. Key areas for exploration include:

  • Implementation of value refinement in existing AI applications.
  • Empirical studies to validate the theoretical findings in diverse settings.
  • Development of algorithms that can adaptively refine values based on new information.


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Lazarus Omolua
Lazarus Omoluahttps://richlyai.com/blog
My mission is to make sure that people in Africa are not left behind in the global AI revolution. RichlyAI exists to give everyone — students, founders, creators, and businesses — the tools to compete globally.

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