Testing Theories of Risky Decision Making Via Critical Tests
نویسندگان
چکیده
منابع مشابه
Testing Theories of Risky Decision Making Via Critical Tests
Whereas some people regard models of risky decision making as if they were statistical summaries of data collected for some other purpose, I think of models as theories that can be tested by experiments. I argue that comparing theories by means of global indices of fit is not a fruitful way to evaluate theories of risky decision making. I argue instead for experimental science. That is, test cr...
متن کاملTesting theories of financial decision making.
We describe the observable content of some of the most widely used models of decision under uncertainty: models of translation invariant preferences. In particular, we characterize the models of variational, maxmin, constant absolute risk aversion, and constant relative risk aversion utilities. In each case we present a revealed preference axiom that is satisfied by a dataset if and only if the...
متن کاملRisky decision making among adolescents
In this report, we analyze adolescent risk-taking from a behavioral decision-making perspective, with respect to the following questions: •Why is adolescent risky decision making important? •What is rational, adaptive, or good decision-making for adolescents (i.e., normative approaches)? •What are the main explanatory models of adolescent risk taking? •What are the key data (i.e., those data th...
متن کاملAssessment of Prospective Memory, Risky Decision-Making, Collaborative Decision-Making among Individuals with Morning and Evening Circadian Typology
Introduction: Biological aspects of personality have an influence on people psychological dimensions. The present study was aimed to compare prospective memory, risky decision-making, collaborative decision-making between individuals with morning and evening circadian typology. Methods: For this purpose, a study with quantitative methodology approach and a descriptive design was conceived. T...
متن کاملOptimal decision making theories
In case of many decisions based on sensory information, the sensory stimulus or its neural representation are noisy. This chapter reviews theories proposing that the brain implements statistically optimal strategies for decision making on the basis of noisy information. These strategies maximize the accuracy and speed of decisions, as well as the rate of receiving rewards for correct choices. T...
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: Frontiers in Psychology
سال: 2011
ISSN: 1664-1078
DOI: 10.3389/fpsyg.2011.00315