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Journal ArticleDOI

An empirical demonstration of risk-sensitive foraging preferences

Thomas Caraco, +2 more
- 01 Aug 1980 - 
- Vol. 28, Iss: 3, pp 820-830
TLDR
In this paper, the authors report laboratory experiments with yellow-eyed juncos (Junco phaeonotus) revealing that the birds' foraging preferences for variable rewards respond not only to the mean, but also the variance, of food rewards.
About
This article is published in Animal Behaviour.The article was published on 1980-08-01. It has received 698 citations till now. The article focuses on the topics: Foraging & Cardinal utility.

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Citations
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Citation classic - optimal foraging - a selective review of theory and tests

TL;DR: A review of the literature on optimal foraging can be found in this article, with a focus on the theoretical developments and the data that permit tests of the predictions, and the authors conclude that the simple models so far formulated are supported by available data and that they are optimistic about the value both now and in the future.
Journal ArticleDOI

Optimal Foraging Theory: A Critical Review

TL;DR: It follows that the proportion of individuals in a population foraging in ways that enhance their fitness will tend to increase over time, and the average foraging behavior will increasingly come to be characterized by those characteristics that enhance individual fitness.
Book ChapterDOI

Optimal Bird Migration: The Relative Importance of Time, Energy, and Safety

TL;DR: “Optimization is the process of minimizing costs or maximizing benefits, or obtaining the best possible compromise between the two,” (R. McNeill Alexander 1982).
Journal ArticleDOI

How to Make Cognitive Illusions Disappear: Beyond “Heuristics and Biases”

TL;DR: Most so-called "errors" in probabilistic reasoning are in fact not violations of probability theory as mentioned in this paper, and they can make apparently stable 'errors' disappear, reappear, or even invert.
Journal ArticleDOI

From an animal's point of view: Motivation, fitness, and animal welfare.

TL;DR: In this paper, the authors propose an objective basis for deciding when an animal is suffering, which includes a wide range of unpleasant emotional states such as fear, boredom, pain, and hunger, and the care of animals can be based on an objective, animal-centered assessment of their needs.
References
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Book

Theory of Games and Economic Behavior

TL;DR: Theory of games and economic behavior as mentioned in this paper is the classic work upon which modern-day game theory is based, and it has been widely used to analyze a host of real-world phenomena from arms races to optimal policy choices of presidential candidates, from vaccination policy to major league baseball salary negotiations.
Journal ArticleDOI

Observational study of behavior: sampling methods.

TL;DR: Seven major types of sampling for observational studies of social behavior have been found in the literature and the major strengths and weaknesses of each method are pointed out.
Book

Decisions with Multiple Objectives: Preferences and Value Trade-Offs

TL;DR: In this article, a confused decision maker, who wishes to make a reasonable and responsible choice among alternatives, can systematically probe his true feelings in order to make those critically important, vexing trade-offs between incommensurable objectives.
Journal ArticleDOI

Theory of Games and Economic Behavior

E. Rowland
- 01 Feb 1946 - 
TL;DR: In this article, the authors show that the maximization of individual wealth is not an ordinary problem in variational calculus, because the individual does not control, and may even be ignorant of, some of the variables.
Journal ArticleDOI

Risk Aversion in the Small and in the Large

John W. Pratt
- 01 Jan 1964 - 
TL;DR: In this article, a measure of risk aversion in the small, the risk premium or insurance premium for an arbitrary risk, and a natural concept of decreasing risk aversion are discussed and related to one another.
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