For questions regarding the cognitive processes which result in the selection of a course of action among several alternative scenarios.

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6
votes
1answer
94 views

When faced with a choice and trying to make a quick decision, are 2 options better than 3 or more options?

Bastardi & Shafir (1998) show how too much data disabilitates your decision making. There is also the popular Paradox Of Choice argument. However, I can't find a reference stating that, when ...
8
votes
1answer
132 views

Problem understanding the calculation of normative (Bayesian) base rates

I am having trouble understanding Table 1 of Gigerenzer, Hell, and Blank (1988, PDF, table on page 516): Focusing on the Jack row, it is stated that the mean probabilities of Jack being an engineer ...
7
votes
1answer
102 views

Who first used the term 'heuristic' in a cognitive science context?

I seem to recall that Herbert Simon borrowed the term from computer science, but I cannot remember the initial paper in which he made use of this borrowing. A google scholar search reveals some ...
7
votes
1answer
101 views

A study about preference for making relatively vs. absolute more money?

I remember reading about a study. I forgot the actual details of it, but the gist of it was: people were asked in what situation they would prefer to live, one where they make \$100,000 dollars and ...
15
votes
2answers
1k views

What tasks does Bayesian decision-making model poorly?

Bayesianism has been a relatively successful paradigm for modeling decision-making. However, not every psychologist is a bayesian, and there are tasks such as the Tversky & Shafir (1992) ...
10
votes
1answer
158 views

What constructs help explain limited cognitive processing and the cognitive effects of rules that limit decision making choices?

Supposed that I'm a married man, and my wife asks me to pick out a paint color for our new house. It's not terribly mentally taxing. However, my wife starts to add rules. The color can't be too ...
8
votes
2answers
155 views

What cognitive strategies diminish bias in decision-making beyond those outlined by Larrick?

Larrick (2004; pdf) offers a small number of suggestions for strategies to diminish bias in decision making, which he breaks down into four categories. "Consider the opposite". Tell decision-makers ...
7
votes
1answer
182 views

Appropriate metric(s) for quantifying the accuracy gain obtained from averaging dyads of estimates instead of adopting individual estimates?

Background The question relates to research I am doing into the Wisdom of Crowds effect (Galton, 1907; Page, 2007; Surowiecki, 2004), in which an average of the estimates made by individuals proves ...
17
votes
3answers
742 views

What is the term for human beings' tendency to obey without thinking?

I'm wanting to read more about a certain human behavior, but I am not sure what the proper term for it is, so some of the things I am finding aren't what I am looking for. I'm interested in how Humans ...
10
votes
1answer
140 views

Bias towards purchasing tangible vs virtual goods

People may have very little hesitation in spending $3 on a coffee once a week, but when it comes to buying things online, such as virtual goods or services, they are often much more reluctant. Is ...
4
votes
1answer
114 views

What is the term for judging based on a simulation of the same parameters on oneself

Allow me to outline the observed process and three hypothetical examples below. For the sake of keeping the samples simple, I will ignore prior moral or religious convictions that a regular person ...
7
votes
1answer
393 views

What are the characteristics that make complex problem solving complex?

In real-world problem-solving tasks that many people call "complex" (like flying a jet, programming, fixing a car, fighting a fire - the type investigated by the naturalistic decision making ...
10
votes
3answers
224 views

Is there a random walk theory that can account for situations with more than two choices?

In the article "Two-stage Dynamic Signal Detection: A Theory of Choice, Decision Time, and Confidence" from 2010 by Pleskac and Busemeyer, a random walk model is presented for situations where a ...
7
votes
2answers
373 views

Is Decision-Making Emotionally Based, with Rationalization as the only Conscious Component?

My interest is in how problem-solving decisions are made, and what, if any skills could be taught to increase people's ability to make effective decisions? Effective, in this case, means that an ...
7
votes
2answers
347 views

Behaviorist interpretations of decision field theory

Decision field theory is usually presented as a dynamic cognitive model of decision making. However, in its basic form, the theory seems to only be concerned with behavior (decisions) and stimuli ...
9
votes
1answer
171 views

When is higher confidence predictive of less accuracy?

Normally, when an individual is more confident in a particular response (e.g., memory decision, general knowledge answer), he or she is also more likely to be accurate. There are also studies in which ...
13
votes
2answers
1k views

What is the term for when too many choices results in inability to decide?

A common problem is that when offered too many choices, consumers give up and make no choice. Too many options results in no sale where fewer options might have resulted in more sales. It's like the ...
3
votes
2answers
211 views

Why do some people seem to disregard the choice of doing nothing (The Zero Choice)?

In many areas of life we have a choice between multiple options: if we are hungry and we want to go out to eat, we have a number of places to choose from (McDonalds, etc). However, we also still have ...
7
votes
0answers
113 views

What processes underly confidence ratings in cognitive decision-making?

Many experiments in cognitive psychology and other domains ask for confidence ratings (e.g., on a 0-100 scale, 100 meaning "I'm sure I experienced this stimulus"). What accounts describe how these ...
6
votes
0answers
155 views

Online datasets for the disjunction effect and violations of the sure-thing principle

The disjunction effect (or violation of the sure-thing principle) is as follows: A dis­junc­tion effect occurs when peo­ple pre­fer x over y when they know that event A obtains, and they also ...
18
votes
2answers
963 views

What are popular rationalist responses to Tversky & Shafir?

In the early 90s Tversky & Shafir observed several violations of rationality in human participants, in particular violation of the disjunction effect and sure-thing principle. This has lead to ...
20
votes
2answers
556 views

Performance of a group solving a cognitive task: How does it scale?

Some intellectual, cognitive and perceptual tasks can be solved collaboratively. It is common knowledge that group performance is better than that of each single individual due to exchange of ...
12
votes
2answers
1k views

Game-theory strategies to overcome holdout problem?

The hold-out problem often occurs in debt-restructuring or in urban development. The hold-out problem is defined where an agent, for example a land developer, must negotiate with many lot owners and ...