Title :
A network model of rational versus irrational choices on a probability maximization task
Author :
Levine, Daniel S. ; Perlovsky, Leonid I.
Author_Institution :
Dept. of Psychol., Univ. of Texas at Arlington, Arlington, TX
Abstract :
Humans have a drive to maximize knowledge of the world, yet decision making data also suggest a contrary drive to minimize cognitive effort using simplifying heuristics. The trade-off between maximizing knowledge and minimizing effort is modeled by simulation of a challenging decision task. The task is to choose which of two gambles has the highest probability of success when the alternative with higher success probability also has lower success frequency.
Keywords :
behavioural sciences; decision making; optimisation; probability; cognitive effort; decision making data; irrational choices; network model; probability maximization task; simplifying heuristics; success probability; Biological neural networks; Cognition; Decision making; Frequency; Humans; Neurons; Neuroscience; Physics; Psychology;
Conference_Titel :
Neural Networks, 2008. IJCNN 2008. (IEEE World Congress on Computational Intelligence). IEEE International Joint Conference on
Conference_Location :
Hong Kong
Print_ISBN :
978-1-4244-1820-6
Electronic_ISBN :
1098-7576
DOI :
10.1109/IJCNN.2008.4634195
