Showing 1 - 10 of 31
Dynamics is not enough for cognition nor is it a substitute for information processing aspects of brain behavior …
Persistent link: https://www.econbiz.de/10005260377
Rationality is a complex behavioral theory that can be parsed into statements about preferences, perceptions, and process. This paper looks at the evidence on rationality that is provided by behavioral experiments, and argues that most cognitive anomalies operate through errors in perception...
Persistent link: https://www.econbiz.de/10005837711
reliance upon an unrealistic model of human cognition: substantive rationality. By assuming that political actors possess …
Persistent link: https://www.econbiz.de/10005739899
An important puzzle in the study of complex systems is the conditions under which the aggregation of information from interacting agents results in a stable or an unstable collective outcome. We present a general framework for thinking about the stability and instability of collective outcomes...
Persistent link: https://www.econbiz.de/10005790616
cognition, and its major contribution is to show how a central aspect of cognition can be modeled as the kind of decentralized …
Persistent link: https://www.econbiz.de/10005790773
This paper’s objective is to use SKAT, the author’s Stages of Knowledge Ahead Theory of risk, to shed fresh light on the treatment and prevention of mental disorders. SKAT employs a broad definition of risk that allows for nice – not merely nasty – possibilities. SKAT is here shown to...
Persistent link: https://www.econbiz.de/10004964145
This paper’s objective is to use SKAT, the author’s Stages of Knowledge Ahead Theory of risk, to shed fresh light on the treatment and prevention of mental disorders. SKAT employs a broad definition of risk that allows for nice – not merely nasty – possibilities. SKAT is here shown to...
Persistent link: https://www.econbiz.de/10008520979
payoff-based learning models are simulated in order to understand individual learning behavior in distributed systems. Under … the serial mechanism the payoff-assessment learning model (Sarin and Vahid (1997)) provides the best fit to the data …, followed by the experience-weighted attraction learning model (Camerer and Ho (1999)), which in turn, is followed by a simple …
Persistent link: https://www.econbiz.de/10005001438
of evolutionary and learning processes in this game. Only the continuous best response dynamic uniquely selects the …
Persistent link: https://www.econbiz.de/10005032173
There is increasing evidence that collective behavior, such as social choice, price dynamics, and strategic behavior, is related to nonlinear dynamics and thus has the potential for instability and complex behavior. This paper presents experimental results where subjects are placed in a...
Persistent link: https://www.econbiz.de/10005739897