The smart potential behind probability matching
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TLDR
Contrary to the almost uniformly negative perception of probability matching, it is concluded that there can be a potentially smart strategy behind probability matching.About:
This article is published in Cognition.The article was published on 2008-12-01 and is currently open access. It has received 172 citations till now. The article focuses on the topics: Probability matching & Outcome (probability).read more
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How numeracy influences risk comprehension and medical decision making.
TL;DR: Four theoretical approaches (psychophysical, computational, standard dual-process, and fuzzy trace theory) are outlined, their implications for numeracy are reviewed, and avenues for future research are pointed to.
Posted Content
Cognitive abilities and superior decision making under risk : A protocol analysis and process model evaluation
TL;DR: The authors investigated the processes that mediate individual differences in risky choices and found that cognitive ability and choice relationship was mediated by the number of simple considerations made during decision making, e.g., transforming probabilities and considering the relative size of gains.
Journal ArticleDOI
Bayesian just-so stories in psychology and neuroscience
Jeffrey S. Bowers,Colin J. Davis +1 more
TL;DR: It is argued that many of the important constraints in Bayesian theories in psychology and neuroscience come from biological, evolutionary, and processing considerations that have no adaptive relevance to the problem per se.
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Cognitive control over learning: creating, clustering, and generalizing task-set structure.
TL;DR: A new context-task-set (C-TS) model is developed, inspired by nonparametric Bayesian methods, that suggests that participants spontaneously build task-set structure into a learning problem when not cued to do so, and shows that C-TS provides a good quantitative fit to human sequences of choices.
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A new intuitionism: Meaning, memory, and development in Fuzzy-Trace Theory.
TL;DR: The counterintuitive findings that led to the development of fuzzy-trace theory and its most recent extensions to the neuroscience of risky decision making are reviewed and surprising implications for judgment and decision making in real life are discussed.
References
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Book
How the Mind Works
TL;DR: Standard equipment thinking machines revenge of the nerds the mind's eye good ideas hotheads family values the meaning of life.
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How the Mind Works
TL;DR: In this article, the authors describe the meaning of life as "standard equipment thinking machines revenge of the nerds the mind's eye good ideas good ideas hotheads family values the meaning" and describe a family with three children.
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Working memory span tasks: A methodological review and user’s guide
Andrew R. A. Conway,Michael J. Kane,Michael F. Bunting,D. Zach Hambrick,Oliver Wilhelm,Randall W. Engle +5 more
TL;DR: The genesis of these tasks is reviewed and how and why they came to be so influential, the reliability and validity of the tasks are addressed, and more technical aspects are considered, such as optimal administration and scoring procedures.
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An automated version of the operation span task.
TL;DR: An easy-to-administer and automated version of a popular working memory (WM) capacity task (operation span) that is mouse driven, scores itself, and requires little intervention on the part of the experimenter is presented.
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A strategy of win-stay, lose-shift that outperforms tit-for-tat in the Prisoner's Dilemma game.
Michael A. Nowak,Karl Sigmund +1 more
TL;DR: Extended evolutionary simulations of heterogeneous ensembles of probabilistic strategies including mutation and selection are presented and the unexpected success of another protagonist: Pavlov is reported, suggesting that cooperative behaviour in natural situations may often be based on win-stay, lose-shift.