Year: 2012
Type: article
Abstract: Experience-based decisions can be defined as decisions emanating from direct or vicarious reinforcements that were received in the past. Typically, in experience-based decision tasks an agent repeatedly makes choices and receives outcomes from the available alternatives, so that choices are based on past experiences, with no explicit description of the payoff distributions from which the outcomes are drawn. The study of experience-based decisions has long roots in the works of mathematical psychologists during the 1950s and 1960s of the last century (e.g., Estes and Burke, 1953; Bush and Mosteller, 1955; Katz, 1964). This type of
Source: Frontiers in Psychology
Authors: Eldad Yechiam, Itzhak Aharon
Language: English
Subfield: General Decision Sciences
Field: Decision Sciences
Domain: Social Sciences
Open Access status: gold
Estimated APC paid: $3,801
OpenAlex ID: W2061531316