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Open AccessJournal ArticleDOI

Behavioral Economics for Human-in-the-Loop Control Systems Design: Overconfidence and the Hot Hand Fallacy

TLDR
The analysis and design of cyberphysical human systems (CPHSs) would benefit from an understanding of how humans behave, but it is unclear how to formulate appropriate models for human decision makers, especially when operating in closed-loop systems.
Abstract
This century brought interesting challenges and opportunities that derive from the way digital technology is shaping the lives of individuals and society as a whole. A key feature of many engineered systems is that they interact with humans. Rather than solely affecting humans, people often make decisions that affect the engineered system. As an example, when driving cars, people often decide to take a route that differs from that suggested by the navigation system. This information is fed back to the service provider and henceforth used when making route suggestions to other users. The analysis and design of such cyberphysical human systems (CPHSs) would benefit from an understanding of how humans behave. However, given their immense complexity, it is unclear how to formulate appropriate models for human decision makers, especially when operating in closed-loop systems (see "Summary" for an overview of this article).

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Journal ArticleDOI

Tracking and Handling Behavioral Biases in Active Learning frameworks

Geza Sapi
- 01 Sep 2023 - 
TL;DR: In this article , the authors present a systematic framework for modeling, tracking and adaptation of behavioral biases in a collaborative decision environment within an active learning context, which is validated using experiments conducted on a real-world pancreatic cancer dataset.

Predictive Control of a Human–in–the–Loop Network System Considering Operator Comfort Requirements

TL;DR: In this paper , a model-predictive control (MPC)-based approach is proposed to solve a human-in-the-loop control problem for a network system lacking sensors and actuators to allow for a fully automatic operation.
References
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Book ChapterDOI

Prospect theory: an analysis of decision under risk

TL;DR: In this paper, the authors present a critique of expected utility theory as a descriptive model of decision making under risk, and develop an alternative model, called prospect theory, in which value is assigned to gains and losses rather than to final assets and in which probabilities are replaced by decision weights.
Book

Judgment Under Uncertainty: Heuristics and Biases

TL;DR: The authors described three heuristics that are employed in making judgements under uncertainty: representativeness, availability of instances or scenarios, and adjustment from an anchor, which is usually employed in numerical prediction when a relevant value is available.
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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.
MonographDOI

Causality: models, reasoning, and inference

TL;DR: The art and science of cause and effect have been studied in the social sciences for a long time as mentioned in this paper, see, e.g., the theory of inferred causation, causal diagrams and the identification of causal effects.
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Markov Decision Processes: Discrete Stochastic Dynamic Programming

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