The future of decisions from experience: Connecting real-world decision problems to cognitive processes
In many important real-world decision domains, such as finance, the environment, and
health, behavior is strongly influenced by experience. Renewed interest in studying this …
health, behavior is strongly influenced by experience. Renewed interest in studying this …
[PDF][PDF] Big data without big brothers: The potential of gentle rule enforcement
I Erev, M Hreib, K Teodorescu - Knowledge and digital technology, 2024 - library.oapen.org
One of the main goals of laws and regulations is to decrease the frequency of behaviors
expected to impair social safety and welfare. These behaviors are defined as violations, and …
expected to impair social safety and welfare. These behaviors are defined as violations, and …
On the descriptive value of the reliance on small-samples assumption
Experience is the best teacher. Yet, in the context of repeated decisions, experience was
found to trigger deviations from maximization in the direction of underweighting of rare …
found to trigger deviations from maximization in the direction of underweighting of rare …
On the effect of practice on exploration and exploitation of options and strategies
D Cohen, K Teodorescu - Frontiers in Psychology, 2021 - frontiersin.org
Insufficient exploration of one's surroundings is at the root of many real-life problems, as
demonstrated by many famous biases (eg, the status quo bias, learned helplessness). The …
demonstrated by many famous biases (eg, the status quo bias, learned helplessness). The …
[HTML][HTML] Experiences, demand for risky investments, and implications for price dynamics
Personal experiences can impact investors' risk taking, and this can explain market
phenomena such as time-varying risk premia, asset price bubbles or wage–price spirals …
phenomena such as time-varying risk premia, asset price bubbles or wage–price spirals …
[PDF][PDF] The future of decisions from experience: Cognitive processes and applications
Decision from experience (DfE) is an experimental paradigm to examine preferential
decision making under uncertainty. In this paradigm, participants choose which uncertain …
decision making under uncertainty. In this paradigm, participants choose which uncertain …
Towards re-unifying the theoretical perspectives on conditioning, category learning, probability learning and economic decisions from experience.
R Schlegelmilch, A Wills, B von Helversen - 2023 - osf.io
Stimulus classification is an everyday feat (eg, in medical diagnoses by differentiating
ultrasound images). Category feedback, however, is often non-deterministic (eg, by 25 …
ultrasound images). Category feedback, however, is often non-deterministic (eg, by 25 …