A full range of psychological processes has been put into play to explain judgment and
choice phenomena. Complementing work on attention, information integration, and learning …

How do people choose between options? At one extreme, the 'value-first'view is that the
brain computes the value of different options and simply favours options with higher values …

Since its introduction, the reward prediction error theory of dopamine has explained a wealth
of empirical phenomena, providing a unifying framework for understanding the …

Prospect Theory: For Risk and Ambiguity, provides a comprehensive and accessible
textbook treatment of the way decisions are made both when we have the statistical …

Experimenter demand effects refer to changes in behavior by experimental subjects due to
cues about what constitutes appropriate behavior. We argue that they can either be social or …

We present a theory of decision by sampling (DbS) in which, in contrast with traditional
models, there are no underlying psychoeconomic scales. Instead, we assume that an …

Many different functional forms have been suggested for both the value function and
probability weighting function of Cumulative Prospect Theory (Tversky and Kahneman …

How do workers make wage comparisons? Both an experimental study and an analysis of
16,000 British employees are reported. Satisfaction and well‐being levels are shown to …

During the last 25 years, prospect theory and its successor, cumulative prospect theory,
replaced expected utility as the dominant descriptive theories of risky decision making …

People engaged in interactive decision making rely on prior decision behaviors by other
persons to make new choices and they exhibit inter-brain synchrony between each other …