Human Decision-Making beyond the Rational Decision Theory
Sign Up to like & getrecommendations! Published in 2020 at "Trends in Cognitive Sciences"
DOI: 10.1016/j.tics.2019.11.001
Abstract: Two recent studies (Farashahi et al. and Rouault et al.) provide compelling evidence refuting the Subjective Expected Utility (SEU) hypothesis as a ground model describing human decision-making. Together, these studies pave the way towards a new model… read more here.
Keywords: decision; making beyond; rational decision; beyond rational ... See more keywords
Quantifying Motor Task Performance by Bounded Rational Decision Theory
Sign Up to like & getrecommendations! Published in 2018 at "Frontiers in Neuroscience"
DOI: 10.3389/fnins.2018.00932
Abstract: Expected utility models are often used as a normative baseline for human performance in motor tasks. However, this baseline ignores computational costs that are incurred when searching for the optimal strategy. In contrast, bounded rational… read more here.
Keywords: rational decision; bounded rational; decision theory; motor ... See more keywords
A Boundedly Rational Decision-Making Model Based on Weakly Consistent Preference Relations
Sign Up to like & getrecommendations! Published in 2022 at "Symmetry"
DOI: 10.3390/sym14050918
Abstract: Completeness is one of the basic assumptions about the rational preference relation in classical decision theory. Strongly and weakly consistent preferences are presented by abandoning the completeness of the rational preference relation. Some expansion and… read more here.
Keywords: weakly consistent; rational decision; preference; decision making ... See more keywords