Human Decision-Making under Limited Time

ADVANCES IN NEURAL INFORMATION PROCESSING SYSTEMS 29 (NIPS 2016), pp. 100-108, 2016.

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Abstract:

Subjective expected utility theory assumes that decision-makers possess unlimited computational resources to reason about their choices; however, virtually all decisions in everyday life are made under resource constraints i.e. decision-makers are bounded in their rationality. Here we experimentally tested the predictions made by a formal...More

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