Although praised for their rationality, humans often make poor decisions, even in simple situations. In the repeated binary choice experiment, an individual has to choose repeatedly between the same two alternatives, where a reward is assigned to one of them with fixed probability. The optimal strategy is to perseverate with choosing the alternative with the best expected return. Whereas many species perseverate, humans tend to match the frequencies of their choices to the frequencies of the alternatives, a sub-optimal strategy known as probability matching. Our goal was to find the primary cognitive constraints under which a set of simple evolutionary rules can lead to such contrasting behaviors. We simulated the evolution of artificial po...
Probability matching 2 Probability matching is a suboptimal behavior that often plagues human decisi...
Probability matching occurs when an action is chosen with a frequency equivalent to the probability ...
Irrational decision making in humans and other species challenges the use of optimality in behaviour...
Although praised for their rationality, humans often make poor decisions, even in simple situations....
Although praised for their rationality, humans often make poor decisions, even in simple situations....
Learning to choose adaptively when faced with uncertain consequences is a central challenge for deci...
BACKGROUND: Most economic theories are based on the premise that individuals maximize their own self...
<div><h3>Background</h3><p>Most economic theories are based on the premise that individuals maximize...
Probability matching has long been taken as a prime example of irrational behaviour in human decisio...
PublishedResearch Support, Non-U.S. Gov'tReviewThis is the author accepted manuscript. The final ver...
Over a series of decisions between two or more probabilistically rewarded options, humans have a ten...
Over a series of decisions between two or more probabilistically rewarded options, humans have a ten...
Models and experiments on adaptive decision-making typically consider highly simplified environments...
The problem of action selection has two components: What is selected? How is it selected? To unders...
The problem of action selection has two components: What is selected? How is it selected? To underst...
Probability matching 2 Probability matching is a suboptimal behavior that often plagues human decisi...
Probability matching occurs when an action is chosen with a frequency equivalent to the probability ...
Irrational decision making in humans and other species challenges the use of optimality in behaviour...
Although praised for their rationality, humans often make poor decisions, even in simple situations....
Although praised for their rationality, humans often make poor decisions, even in simple situations....
Learning to choose adaptively when faced with uncertain consequences is a central challenge for deci...
BACKGROUND: Most economic theories are based on the premise that individuals maximize their own self...
<div><h3>Background</h3><p>Most economic theories are based on the premise that individuals maximize...
Probability matching has long been taken as a prime example of irrational behaviour in human decisio...
PublishedResearch Support, Non-U.S. Gov'tReviewThis is the author accepted manuscript. The final ver...
Over a series of decisions between two or more probabilistically rewarded options, humans have a ten...
Over a series of decisions between two or more probabilistically rewarded options, humans have a ten...
Models and experiments on adaptive decision-making typically consider highly simplified environments...
The problem of action selection has two components: What is selected? How is it selected? To unders...
The problem of action selection has two components: What is selected? How is it selected? To underst...
Probability matching 2 Probability matching is a suboptimal behavior that often plagues human decisi...
Probability matching occurs when an action is chosen with a frequency equivalent to the probability ...
Irrational decision making in humans and other species challenges the use of optimality in behaviour...