Transitivity of preferences is a fundamental principle shared by most major contemporary rational, prescriptive, and descriptive models of decision making. To have transitive …
Many psychological theories can be operationalized as linear inequality constraints on the parameters of multinomial distributions (eg, discrete choice analysis). These constraints can …
J Dai, JR Busemeyer - Journal of Experimental Psychology …, 2014 - psycnet.apa.org
Most theoretical and empirical research on intertemporal choice assumes a deterministic and static perspective, leading to the widely adopted delay discounting models. As a form of …
Contextual preference reversals occur when a preference for one option over another is reversed by the addition of further options. It has been argued that the occurrence of …
Behavioral decision research compares theoretical constructs like preferences to behavior such as observed choices. Three fairly common links from constructs to behavior are (1) to …
We study stochastic choice as the outcome of deliberate randomization. We derive a general representation of a stochastic choice function where stochasticity allows the agent to …
Paul Meehl's famous critique detailed many of the problematic practices and conceptual confusions that stand in the way of meaningful theoretical progress in psychological science …
S Bhatia, G Loomes - Psychological review, 2017 - psycnet.apa.org
We examine the effects of multiple sources of noise in risky decision making. Noise in the parameters that characterize an individual's preferences can combine with noise in the …
The goal of this paper is to make modeling and quantitative testing accessible to behavioral decision researchers interested in substantive questions. We provide a novel, rigorous, yet …