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When making choices, decision makers often either lack information about alternatives or lack the cognitive capacity to …
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for investigating consensual decision-making. The main result consists in a general definition of when agents treat each …
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In this paper we are studying a multiple player two-armed bandit model with two risky arms in discrete time. Players have to find the superior arm and can learn from others' history of choices and successes. In equilibrium, there is no con?ict between individual and social rationality. If agents...
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thereby distort optimal search. In addition, urgency may alter decision-making processes and thereby the salience of regret … decision times and perceived decision quality but does not alter search length. Only very inexperienced decision-makers buy …
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thereby distort optimal search. In addition, urgency may alter decision-making processes and thereby the salience of regret … systematic adjustments in search length. Urgency reduces decision times and perceived decision quality, but does not generally … alter search length. Only very inexperienced decision-makers buy earlier when pressured. Thus, consumer protection measures …
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In this paper, we describe the Factored Value MCTS Hybrid Cost-Max-Plus algorithm, a collection of decision …
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