Literature DB >> 16938040

Simple predictions fueled by capacity limitations: when are they successful?

Wolfgang Gaissmaier1, Lael J Schooler, Jörg Rieskamp.   

Abstract

Counterintuitively, Y. Kareev, I. Lieberman, and M. Lev (1997) found that a lower short-term memory capacity benefits performance on a correlation detection task. They assumed that people with low short-term memory capacity (low spans) perceived the correlations as more extreme because they relied on smaller samples, which are known to exaggerate correlations. The authors consider, as an alternative hypothesis, that low spans do not perceive exaggerated correlations but make simpler predictions. Modeling both hypotheses in ACT-R demonstrates that simpler predictions impair performance if the environment changes, whereas a more exaggerated perception of correlation is advantageous to detect a change. Congruent with differences in the way participants make predictions, 2 experiments revealed a low capacity advantage before the environment changes but a high capacity advantage afterward, although this pattern of results surprisingly only existed for men. Copyright 2006 APA

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Year:  2006        PMID: 16938040     DOI: 10.1037/0278-7393.32.5.966

Source DB:  PubMed          Journal:  J Exp Psychol Learn Mem Cogn        ISSN: 0278-7393            Impact factor:   3.051


  8 in total

1.  Doomed to repeat the successes of the past: history is best forgotten for repeated choices with nonstationary payoffs.

Authors:  Tim Rakow; Katherine Miler
Journal:  Mem Cognit       Date:  2009-10

2.  Probabilistic cue combination: less is more.

Authors:  Daniel Yurovsky; Ty W Boyer; Linda B Smith; Chen Yu
Journal:  Dev Sci       Date:  2012-12-18

3.  Betting on Illusory Patterns: Probability Matching in Habitual Gamblers.

Authors:  Wolfgang Gaissmaier; Andreas Wilke; Benjamin Scheibehenne; Paige McCanney; H Clark Barrett
Journal:  J Gambl Stud       Date:  2016-03

4.  Smaller is better (when sampling from the crowd within): Low memory-span individuals benefit more from multiple opportunities for estimation.

Authors:  Kathleen L Hourihan; Aaron S Benjamin
Journal:  J Exp Psychol Learn Mem Cogn       Date:  2010-07       Impact factor: 3.051

5.  The Monty Hall dilemma with pigeons: No, you choose for me.

Authors:  Thomas R Zentall; Jacob P Case; Tiffany L Collins
Journal:  Learn Behav       Date:  2015-09       Impact factor: 1.986

6.  Investigating the cause of language regularization in adults: memory constraints or learning effects?

Authors:  Carla L Hudson Kam; Ann Chang
Journal:  J Exp Psychol Learn Mem Cogn       Date:  2009-05       Impact factor: 3.051

7.  Exploration and recency as the main proximate causes of probability matching: a reinforcement learning analysis.

Authors:  Carolina Feher da Silva; Camila Gomes Victorino; Nestor Caticha; Marcus Vinícius Chrysóstomo Baldo
Journal:  Sci Rep       Date:  2017-11-10       Impact factor: 4.379

Review 8.  Good judgments do not require complex cognition.

Authors:  Julian N Marewski; Wolfgang Gaissmaier; Gerd Gigerenzer
Journal:  Cogn Process       Date:  2009-09-27
  8 in total

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