Search Results - subject:"environment structure"

The environment matters: Comparing individuals and dyads in their adaptive use of decision strategies

Kaemmer, Juliane E.; Gaissmaier, Wolfgang; Czienskowski, Uwe - In: Judgment and Decision Making 8 (2013) 3, pp. 299-329

Individuals have been shown to adaptively select decision strategies depending on the environment structure. Two … the environment structure when comparing individual with group performance and are discussed within the framework of …

Persistent link: https://www.econbiz.de/10010661312

Evaluating the coherence of Take-the-best in structured environments

Lee, Michael D.; Zhang, Shunan - In: Judgment and Decision Making 7 (2012) 4, pp. 360-372

Heuristic decision-making models, like Take-the-best, rely on environmental regularities. They conduct a limited search, and ignore available information, by assuming there is structure in the decision-making environment. Take-the-best relies on at least two regularities: DIMINISHING RETURNS,...

Persistent link: https://www.econbiz.de/10010559828