Stylized characteristics, such as loss aversion, risk aversion for gains, risk seeking for losses, overweighting of small probabilities, and diminishing sensitivity permeate both …
In 1956, Brunswik proposed a definition of what he called intuitive and analytic cognitive processes, not in terms of verbally specified properties, but operationally based on the …
MD Lee, JR Bock, I Cushman, WR Shankle - Journal of Mathematical …, 2020 - Elsevier
We model word-list learning over sequences of immediate and delayed free recall tasks to study the impact of memory impairment on episodic memory. We use a previously …
MD Lee - Judgment and Decision making, 2018 - cambridge.org
Birnbaum and Quispe-Torreblanca (2018) evaluated a set of six models developed under true-and-error theory against data in which people made choices in repeated gambles. They …
MH Birnbaum, L Wan - Judgment and Decision Making, 2020 - cambridge.org
This paper describes a theory of the variability of risky choice that describes empirical properties of choice data, including sequential effects and systematic violations of response …
This article criticizes conclusions drawn from the standard test of correlated proportions when the dependent measure contains error. It presents a tutorial on a new method of …
MH Birnbaum - Judgment and Decision Making, 2020 - cambridge.org
Butler and Pogrebna (2018) devised triples of three-branch gambles theorized to violate transitivity of preference according to a most probable winner model. According to this …
First-order stochastic dominance is a core principle in rational decision-making. If lottery A has a higher or equal chance of winning an amount, then A should be preferred over B …
P Schramm - Judgment and Decision Making, 2020 - cambridge.org
True and Error Theory (TET) is a modern latent variable modeling approach for analyzing sets of preferences held by people. Individual True and Error Theory (iTET) allows …