Search Results - subject:"decisions from experience"

An incomplete ignorance state in repeated-play decision making: A note on Bayesian decision-theoretical framework

Kobayashi, Yohei; Fujikawa, Takemi - Volkswirtschaftliche Fakultät, … - 2010

There has been much reported on decisions from experience, also referred to as decisions in a complete ignorance … fashion. This note lays out a Bayesian decision-theoretical framework that provides a computable account for decisions from … experience. To make the framework more tractable, this note sets up and examines decisions in a incomplete ignorance fashion. The …

Persistent link: https://www.econbiz.de/10008805481

On the relative importance of the hot stove effect and the tendency to rely on small samples

Fujikawa, Takemi - In: Judgment and Decision Making 4 (2009) 5, pp. 429-435

effect and the effect of underweighting of rare outcomes in analysing decisions from experience in which the features of …

Persistent link: https://www.econbiz.de/10005108384

The hot stove effect in repeated-play decision making under ambiguity

Fujikawa, Takemi - Volkswirtschaftliche Fakultät, … - 2009

The ''hot stove effect'' has been studied for repeated-play decision making under uncertainty (also referred to as experience-based decision making) in which the decision makers repeatedly face the Allais-type binary choice problems, and have to learn about the outcome distributions through...

Persistent link: https://www.econbiz.de/10008459812

Allais from experience : choice consistency, rare events, and common consequences in repeated decisions

Harman, Jason L.; Gonzalez, Cleotilde - In: Journal of behavioral decision making 28 (2015) 4, pp. 369-381

Persistent link: https://www.econbiz.de/10011482764

Cross cultural differences in decisions from experience : evidence from Denmark, Israel, and Taiwan

Di Guida, Sibilla; Erev, Ido; Marchiori, Davide - In: Journal of economic psychology : research in economic … 49 (2015), pp. 47-58

Persistent link: https://www.econbiz.de/10011506092

Advice from experience : communicating incomplete information incompletely

Benjamin, Daniel; Budescu, David V. - In: Journal of behavioral decision making 28 (2015) 1, pp. 36-49

Persistent link: https://www.econbiz.de/10011293372

Sampling experience reverses preferences for ambiguity

Ert, Eyal; Trautmann, Stefan - In: Journal of Risk and Uncertainty 49 (2014) 1, pp. 31-42

People often need to choose between alternatives with known probabilities (risk) and alternatives with unknown probabilities (ambiguity). Such decisions are characterized by attitudes towards ambiguity, which are distinct from risk attitudes. Most studies of ambiguity attitudes have focused on...

Persistent link: https://www.econbiz.de/10010938038

On the decision to explore new alternatives : the coexistence of under- and over-exploration

Teodorescu, Kinneret; Erev, Ido - In: Journal of behavioral decision making 27 (2014) 2, pp. 109-123

Persistent link: https://www.econbiz.de/10010347832

Extreme outcomes sway risky decision from experience

Ludvig, Elliot A.; Madan, Christopher R.; Spetch, Marcia L. - In: Journal of behavioral decision making 27 (2014) 2, pp. 146-156

Persistent link: https://www.econbiz.de/10010349041

Sampling experience reverses preferences for ambiguity

Ert, Eyal; Trautmann, Stefan T. - In: Journal of risk and uncertainty : JRU 49 (2014) 1, pp. 31-42

Persistent link: https://www.econbiz.de/10010489717