Economic irrationality is optimal during noisy decision making
According to normative theories, reward-maximizing agents should have consistent
preferences. Thus, when faced with alternatives A, B, and C, an individual preferring A to B …
preferences. Thus, when faced with alternatives A, B, and C, an individual preferring A to B …
Multinomial models with linear inequality constraints: Overview and improvements of computational methods for Bayesian inference
Many psychological theories can be operationalized as linear inequality constraints on the
parameters of multinomial distributions (eg, discrete choice analysis). These constraints can …
parameters of multinomial distributions (eg, discrete choice analysis). These constraints can …
The construct–behavior gap in behavioral decision research: A challenge beyond replicability.
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 …
such as observed choices. Three fairly common links from constructs to behavior are (1) to …
[LLIBRE][B] A handbook of process tracing methods
A Handbook of Process Tracing Methods demonstrates how to better understand decision
outcomes by studying decision processes, through the introduction of a number of exciting …
outcomes by studying decision processes, through the introduction of a number of exciting …
Mate choice in fruit flies is rational and adaptive
D Arbuthnott, TY Fedina, SD Pletcher… - Nature …, 2017 - nature.com
According to rational choice theory, beneficial preferences should lead individuals to sort
available options into linear, transitive hierarchies, although the extent to which non-human …
available options into linear, transitive hierarchies, although the extent to which non-human …
Individuals with ventromedial frontal damage display unstable but transitive preferences during decision making
The ventromedial frontal lobe (VMF) is important for decision-making, but the precise causal
role of the VMF in the decision process has not been fully established. Previous studies …
role of the VMF in the decision process has not been fully established. Previous studies …
[HTML][HTML] Noisy preferences in risky choice: A cautionary note.
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 …
parameters that characterize an individual's preferences can combine with noise in the …
Reported violations of rationality may be aggregation artifacts
CP Davis-Stober, S Park, N Brown… - Proceedings of the …, 2016 - National Acad Sciences
In PNAS, Tsetsos et al.(1) report intransitive preferences consistent with selective integration
(SI) theory. The Condorcet paradox warns that aggregating transitive (rational) preferences …
(SI) theory. The Condorcet paradox warns that aggregating transitive (rational) preferences …
Are you an exception to your favorite decision theory? Behavioral decision research is a linda problem!
Stylized characteristics, such as loss aversion, risk aversion for gains, risk seeking for
losses, overweighting of small probabilities, and diminishing sensitivity permeate both …
losses, overweighting of small probabilities, and diminishing sensitivity permeate both …
Four internal inconsistencies in tversky and kahneman's (1992) cumulative prospect theory article: A case study in ambiguous theoretical scope and ambiguous …
Scholars heavily rely on theoretical scope as a tool to challenge existing theory. We
advocate that scientific discovery could be accelerated if far more effort were invested into …
advocate that scientific discovery could be accelerated if far more effort were invested into …