For questions regarding the cognitive processes which result in the selection of a course of action among several alternative scenarios.
12
votes
2answers
567 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 ...
7
votes
2answers
230 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 ...
11
votes
2answers
451 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
3answers
164 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 ...
2
votes
0answers
63 views
Kelly Criterion Observed to Be Adhered by Psychopaths?
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 ...
