Postscript : Rejoinder to Brandstätter , Gigerenzer , and Hertwig ( 2008 ) Eric

نویسندگان

  • Eric J. Johnson
  • Michael Schulte-Mecklenbeck
  • Martijn C. Willemsen
چکیده

vector 0 and variance terms xy. Because the dependent measures, time and frequency, are skewed, they were log-transformed to make them more symmetrically distributed. We note that because of the discrete nature of the frequency data, a linear regression might not be an appropriate model. We therefore also estimated a nonlinear Poisson regression model. However, because using a Poisson specification yielded similar results to the ones obtained under the linear model of the log-transformed data, we do not discuss the results of this analysis in detail. For transitions, we modeled the relevant transitions between the eight boxes using a similar model, which has 56 observations per gamble per participant due to two factors: a transition identifier (28 levels) and phase. Again, we used an intercept, phase and number of reasons as random factors. In addition, as described in the text, we estimated a model that allowed the impact of kind of transition to vary across respondents, which resulted in improved fit and substantively interesting interpretations. We used two-tailed tests throughout, both because this analysis has substantial power and because prior data suggests results that conflict with the predictions of the priority heuristic.

برای دانلود رایگان 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

Process models deserve process data: comment on Brandstätter, Gigerenzer, and Hertwig (2006).

Comments on the article by E. Brandstätter, G. Gigerenzer, and R. Hertwig. Resolution of debates in cognition usually comes from the introduction of constraints in the form of new data about either the process or representation. Decision research, in contrast, has relied predominantly on testing models by examining their fit to choices. The authors examine a recently proposed choice strategy, t...

متن کامل

Evaluation of the priority heuristic as a descriptive model of risky decision making: comment on Brandstätter, Gigerenzer, and Hertwig (2006).

E. Brandstätter, G. Gigerenzer, and R. Hertwig (2006) contended that their priority heuristic, a type of lexicographic semiorder model, is more accurate than cumulative prospect theory (CPT) or transfer of attention exchange (TAX) models in describing risky decisions. However, there are 4 problems with their argument. First, their heuristic is not descriptive of certain data that they did not r...

متن کامل

What is behind the Priority Heuristic ?

Comments on the article by E. Brandstätter, G. Gigerenzer, and R. Hertwig. The authors discuss the priority heuristic, a recent model for decisions under risk. They reanalyze the experimental validity of this approach and discuss how these results compare with cumulative prospect theory, the currently most established model in behavioral economics. They also discuss how general models for decis...

متن کامل

Do People Make Decisions Under Risk Based on Ignorance? An Empirical Test of the Priority Heuristic against Cumulative Prospect Theory

Brandstätter, Gigerenzer and Hertwig (2006) put forward the priority heuristic (PH) as a fast and frugal heuristic for decisions under risk. According to the PH, individuals do not make trade-offs between gains and probabilities, as proposed by expected utility models such as cumulative prospect theory (CPT), but use information in a non-compensatory manner and ignore information. We conducted ...

متن کامل

Behavioral Inconsistencies Do Not Imply Inconsistent Strategies

=1858769 Gigerenzer, G., and Gaissmaier, W. (2011). Heuristic decision making. Ann. Rev. Psychol. 62, 451–482. Gonzalez, C., and Dutt, V. (2011). Instance-based learning: integrating sampling and repeated decisions from experience. Psychol. Rev. 118, 523–551. Hertwig, R. (2011). The psychology and rationality of decisions from experience. Synthese. doi: 10.1007/

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

عنوان ژورنال:

دوره   شماره 

صفحات  -

تاریخ انتشار 2006