Sequential sampling models of choice: Some recent advances
نویسندگان
چکیده
منابع مشابه
Sequential sampling models of choice: Some recent advances
Choice models in marketing and economics are generally derived without specifying the underlying cognitive process of decision making. This approach has been successfully used to predict choice behavior. However, it has not much to say about such aspects of decision making as deliberation, attention, conflict, and cognitive limitations and how these influence choices. In contrast, sequential sa...
متن کاملSequential sampling and paradoxes of risky choice.
The common-ratio, common-consequence, reflection, and event-splitting effects are some of the best-known findings in decision-making research. They represent robust violations of expected utility theory, and together form a benchmark against which descriptive theories of risky choice are tested. These effects are not currently predicted by sequential sampling models of risky choice, such as dec...
متن کاملSome Recent Advances in Measurement Error Models and Methods
A measurement error model is a regression model with (substantial) measurement errors in the variables. Disregarding these measurement errors in estimating the regression parameters results in asymptotically biased estimators. Several methods have been proposed to eliminate, or at least to reduce, this bias, and the relative efficiency and robustness of these methods have been compared. The pap...
متن کاملwww.econstor.eu Some Recent Advances in Measurement Error Models and Methods
A measurement error model is a regression model with (substantial) measurement errors in the variables. Disregarding these measurement errors in estimating the regression parameters results in asymptotically biased estimators. Several methods have been proposed to eliminate, or at least to reduce, this bias, and the relative efficiency and robustness of these methods have been compared. The pap...
متن کاملStochastic Choice and Optimal Sequential Sampling
We model the joint distribution of choice probabilities and decision times in binary choice tasks as the solution to a problem of optimal sequential sampling, where the agent is uncertain of the utility of each action and pays a constant cost per unit time for gathering information. In the resulting optimal policy, the agent’s choices are more likely to be correct when the agent chooses to deci...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Marketing Letters
سال: 2008
ISSN: 0923-0645,1573-059X
DOI: 10.1007/s11002-008-9039-0