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 ...
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 ...
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) ...
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 ...
As this study shows, psychopaths will take advantage of a positive expected value gamble (is there one to counterfact this showing that they'll also accept negative expected value gambles?) regardless ...