Share

The Adaptive Decision Maker

1993-05-28 Education
Download The Adaptive Decision Maker PDF Online Free

Author :
Release : 1993-05-28
Genre : Education
Kind : eBook
Book Rating : 261/5 ( reviews)

GET EBOOK


Book Synopsis The Adaptive Decision Maker by : John W. Payne

Download or read book The Adaptive Decision Maker written by John W. Payne. This book was released on 1993-05-28. Available in PDF, EPUB and Kindle. Book excerpt: The Adaptive Decision Maker argues that people use a variety of strategies to make judgments and choices. The authors introduce a model that shows how decision makers balance effort and accuracy considerations and predicts which strategy a person will use in a given situation. A series of experiments testing the model are presented, and the authors analyse how the model can lead to improved decisions and opportunities for further research.

The Adaptive Decision-Maker: Effort and Accuracy in Choice

1989
Download The Adaptive Decision-Maker: Effort and Accuracy in Choice PDF Online Free

Author :
Release : 1989
Genre :
Kind : eBook
Book Rating : /5 ( reviews)

GET EBOOK


Book Synopsis The Adaptive Decision-Maker: Effort and Accuracy in Choice by : John W. Payne

Download or read book The Adaptive Decision-Maker: Effort and Accuracy in Choice written by John W. Payne. This book was released on 1989. Available in PDF, EPUB and Kindle. Book excerpt: Research has shown that the strategies people use to evaluate and choose among a set of multiattribute alternatives are highly sensitive to a variety of task and context variables. This chapter reviews a program of research concerned with better understanding how decision making behavior is contingent upon properties of the decision task. The perspective adopted is that strategy selection is a function of both costs, primarily the effort required to use a decision Rule, and benefits, primarily the ability of a strategy to select the best alternative. A series of experiments involving both Monte-Carlo simulation and process-tracing techniques is reported that support the effort-accuracy framework. Unresolved issues of learning, bottom-up as well as top-down processing, and the role of incentives in strategy selection are then discussed. Finally, an implication of adaptive decision behavior for improving decisions by designing information displays which make effective processing easier is outlined. (KR).

Adaptive Decision Maker

1993
Download Adaptive Decision Maker PDF Online Free

Author :
Release : 1993
Genre :
Kind : eBook
Book Rating : /5 ( reviews)

GET EBOOK


Book Synopsis Adaptive Decision Maker by : John W. Payne

Download or read book Adaptive Decision Maker written by John W. Payne. This book was released on 1993. Available in PDF, EPUB and Kindle. Book excerpt:

Adaptive Strategy Selection in Decision Making

1986
Download Adaptive Strategy Selection in Decision Making PDF Online Free

Author :
Release : 1986
Genre :
Kind : eBook
Book Rating : /5 ( reviews)

GET EBOOK


Book Synopsis Adaptive Strategy Selection in Decision Making by : John W. Payne

Download or read book Adaptive Strategy Selection in Decision Making written by John W. Payne. This book was released on 1986. Available in PDF, EPUB and Kindle. Book excerpt: The authors examine the role of effort and accuracy in the adaptive use of decision processes. A computer simulation study that used the concept of elementary information processes identified heuristic choice strategies which approximate the accuracy of normative procedures while requiring substantially less effort. However, no single heuristic did well across all task and context conditions. Of particular interest was the finding that under time constraints, several heuristics were clearly more accurate than a normative procedure. Two process tracing studies showed a significant degree of correspondence between the efficient strategies for a given decision problem identified by the simulation and actual decision behavior. People were highly adaptive to changes in the nature of the alternatives available to them and to the presence of time pressure. (Author).

Insights in Decision Making

1990-04-18 Business & Economics
Download Insights in Decision Making PDF Online Free

Author :
Release : 1990-04-18
Genre : Business & Economics
Kind : eBook
Book Rating : 551/5 ( reviews)

GET EBOOK


Book Synopsis Insights in Decision Making by : Robin M. Hogarth

Download or read book Insights in Decision Making written by Robin M. Hogarth. This book was released on 1990-04-18. Available in PDF, EPUB and Kindle. Book excerpt: How do people make decisions? How can we help people make better decisions? How can we best study the processes of decision making? The growing field of behavioral decision research, which seeks to link observed decision behavior to underlying psychological mechanisms, may provide the answers to these questions. The volume is based on a recent conference held to honor the work and memory of the late Hillel J. Einhorn, a pioneering scholar in behavioral decision research. Composed of contributions by leading researchers, Insights in Decision Making provides a state-of-the-art image of work in this field. The range of topics covered includes conceptual and technical issues the bridge the gap between theory and the practical concern of improving decision making, difficulties in statistical thinking, experimental studies of processes of judgment and choice, and the emergence of new paradigms for studying decision behavior. Providing many avenues for future research, Insights in Decision Making will be essential reading for students of the psychology of decision making and will prove valuable to readers in psychology, economics, statistics, and management.

You may also like...