Melioration Despite More Information

نویسندگان

  • Hansjörg Neth
  • Chris R. Sims
  • Wayne D. Gray
چکیده

Situations that present individuals with a conflict between local and global gains often result in a behavioral pattern known as melioration — a preference for immediate rewards over higher long-term gains. Using a variant of a paradigm by Tunney & Shanks (2002), we explored the potential role of feedback as a means to reduce this bias. We hypothesized that frequent and informative feedback about optimal performance might be the key to enable people to overcome the documented tendency to meliorate when choices are rewarded probabilistically. Much to our surprise, this intuition turned out to be mistaken. Instead of maximizing, 19 out of 22 participants demonstrated a clear bias towards melioration, regardless of feedback condition. From a human factors perspective, our results suggest that even frequent normative feedback may be insufficient to overcome inefficient choice allocation. We discuss implications for the theoretical notion of rationality and provide suggestions for future research that might promote melioration as an explanatory mechanism in applied contexts.

برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

ثبت نام

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

منابع مشابه

Melioration Despite More Information: The Role of Feedback Frequency in Stable Suboptimal Performance

Situations that present individuals with a conflict between local and global gains often result in a behavioral pattern known as melioration — a preference for immediate rewards over higher long-term gains. Using a variant of a paradigm by Tunney & Shanks (2002), we explored the potential role of feedback as a means to reduce this bias. We hypothesized that frequent and informative feedback abo...

متن کامل

A Characterization of Melioration in Game Theoretic Frameworks

The theory of melioration, originally formulated for individual decision-making contexts, is formally extended to a game theoretic framework. This paper proves the existence of a distribution that is a melioration strategy on the part of all players. Further, the question of stability of such a distribution is studied. JEL Classification Numbers: C62; C72.

متن کامل

Melioration learning in games with constant and frequency-dependent pay-offs

The paper explores the implications of melioration learning—an empirically significant variant of reinforcement learning—for game theory. We show that in games with invariable pay-offs melioration learning converges to Nash equilibria in a way similar to the replicator dynamics. Since melioration learning is known to deviate from optimizing behavior when an action’s rewards decrease with increa...

متن کامل

Melioration Dominates Maximization: Stable Suboptimal Performance Despite Global Feedback

Situations that present individuals with a conflict between local and global gains often evoke a behavioral pattern known as melioration — a preference for immediate rewards over higher long-term gains. Using a variant of a binary forcedchoice paradigm by Tunney & Shanks (2002), we explored the potential role of global feedback as a means to reduce this bias. We hypothesized that frequent expli...

متن کامل

Innovative Combinations' Test: A Tool for Measuring the Melioration Skill

An adult must cope in his daily life with well-defined and ill-defined problems (Newell & Simon 1972). A well-defined problem has a clear path to a solution—a pre-set algorithm attuned to the desired solution located in the Problem Arena. An ill-defined problem has no clear solution. An ill-defined problem demands a sophisticated search in the realm of human information—a search which includes ...

متن کامل

ذخیره در منابع من


  با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید

برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

ثبت نام

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

عنوان ژورنال:

دوره   شماره 

صفحات  -

تاریخ انتشار 2014