title: What is epistemic value in free energy models of learning and acting? A bounded rationality perspective.
abstract: Free energy models of learning and acting do not only care about utility or extrinsic value, but also about intrinsic value, that is, the information value stemming from probability distributions that represent beliefs or strategies. While these intrinsic values can be interpreted as epistemic values or exploration bonuses under certain conditions, the framework of bounded rationality offers a complementary interpretation in terms of information-processing costs that we discuss here.
authors.affiliation: a School of Engineering and Applied Sciences , University of Pennsylvania , Philadelphia , USA.
authors.forename: Pedro A
authors.initials: PA
authors.lastname: Ortega
authors.affiliation: b Max Planck Institute for Biological Cybernetics , Tübingen , Germany.|c Max Planck Institute for Intelligent Systems , Tübingen , Germany.
authors.forename: Daniel A
authors.initials: DA
authors.lastname: Braun
mesh_terms: D002755:Choice Behavior / Q000502:physiology*; D003657:Decision Making / Q000502:physiology*; D006801:Humans