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A network model of rational versus irrational choices on a probability maximization task | IEEE Conference Publication | IEEE Xplore

A network model of rational versus irrational choices on a probability maximization task


Abstract:

Humans have a drive to maximize knowledge of the world, yet decision making data also suggest a contrary drive to minimize cognitive effort using simplifying heuristics. ...Show More

Abstract:

Humans have a drive to maximize knowledge of the world, yet decision making data also suggest a contrary drive to minimize cognitive effort using simplifying heuristics. The trade-off between maximizing knowledge and minimizing effort is modeled by simulation of a challenging decision task. The task is to choose which of two gambles has the highest probability of success when the alternative with higher success probability also has lower success frequency.
Date of Conference: 01-08 June 2008
Date Added to IEEE Xplore: 26 September 2008
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Conference Location: Hong Kong, China

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