The bounded rationality of probability distortion
In decision making under risk (DMR) participants' choices are based on probability values
systematically different from those that are objectively correct. Similar systematic distortions …
systematically different from those that are objectively correct. Similar systematic distortions …
Decision criteria in signal detection model are not based on the objective likelihood ratio.
How people set decision criteria in signal detection model is an important research question.
The likelihood ratio (LR) theory, which is one of the most influential theories about criteria …
The likelihood ratio (LR) theory, which is one of the most influential theories about criteria …
[HTML][HTML] Exploring the bounded rationality in human decision anomalies through an assemblable computational framework
Some seemingly irrational decision behaviors (anomalies), once seen as flaws in human
cognition, have recently received explanations from a rational perspective. The basic idea is …
cognition, have recently received explanations from a rational perspective. The basic idea is …