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When people learn to make decisions from experience, a reasonable intuition is that additional relevant information should improve their performance. In contrast, we find that additional information about foregone rewards (i.e., what could have gained at each point by making a different choice)...
Persistent link: https://www.econbiz.de/10008633246
Vlaev and Chater (2006) demonstrated that the cooperativeness of previously seen prisoner's dilemma games biases choices and predictions in the current game. These effects were: a) assimilation to the mean cooperativeness of the played games caused by action reinforcement, and b) perceptual...
Persistent link: https://www.econbiz.de/10005773057
The assumption that people possess a repertoire of strategies to solve the inference problems they face has been made repeatedly. The experimental findings of two previous studies on strategy selection are reexamined from a learning perspective, which argues that people learn to select...
Persistent link: https://www.econbiz.de/10005612481