Literature DB >> 18211202

Process models deserve process data: comment on Brandstätter, Gigerenzer, and Hertwig (2006).

Eric J Johnson1, Michael Schulte-Mecklenbeck, Martijn C Willemsen.   

Abstract

Comments on the article by E. Brandstätter, G. Gigerenzer, and R. Hertwig. Resolution of debates in cognition usually comes from the introduction of constraints in the form of new data about either the process or representation. Decision research, in contrast, has relied predominantly on testing models by examining their fit to choices. The authors examine a recently proposed choice strategy, the priority heuristic, which provides a novel account of how people make risky choices. The authors identify a number of properties that the priority heuristic should have as a process model and illustrate how they may be tested. The results, along with prior research, suggest that although the priority heuristic captures some variability in the attention paid to outcomes, it fails to account for major characteristics of the data, particularly the frequent transitions between outcomes and their probabilities. The article concludes with a discussion of the properties that should be captured by process models of risky choice and the role of process data in theory development. (c) 2008 APA, all rights reserved

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Year:  2008        PMID: 18211202     DOI: 10.1037/0033-295X.115.1.263

Source DB:  PubMed          Journal:  Psychol Rev        ISSN: 0033-295X            Impact factor:   8.934


  14 in total

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2.  Choice theories: What are they good for?

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3.  Machine learning strategy identification: A paradigm to uncover decision strategies with high fidelity.

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Authors:  Felix Molter; Armin W Thomas; Scott A Huettel; Hauke R Heekeren; Peter N C Mohr
Journal:  PLoS Comput Biol       Date:  2022-07-06       Impact factor: 4.779

5.  The Rational Adolescent: Strategic Information Processing during Decision Making Revealed by Eye Tracking.

Authors:  Youngbin Kwak; John W Payne; Andrew L Cohen; Scott A Huettel
Journal:  Cogn Dev       Date:  2015 Oct-Dec

6.  The dynamics of decision making in risky choice: an eye-tracking analysis.

Authors:  Susann Fiedler; Andreas Glöckner
Journal:  Front Psychol       Date:  2012-10-01

7.  Testing process predictions of models of risky choice: a quantitative model comparison approach.

Authors:  Thorsten Pachur; Ralph Hertwig; Gerd Gigerenzer; Eduard Brandstätter
Journal:  Front Psychol       Date:  2013-09-27

8.  Are risky choices actually guided by a compensatory process? New insights from FMRI.

Authors:  Li-Lin Rao; Yuan Zhou; Lijuan Xu; Zhu-Yuan Liang; Tianzi Jiang; Shu Li
Journal:  PLoS One       Date:  2011-03-11       Impact factor: 3.240

9.  On the stability of choice processes.

Authors:  Eduard Brandstätter
Journal:  Front Psychol       Date:  2011-11-15

10.  Generalized outcome-based strategy classification: comparing deterministic and probabilistic choice models.

Authors:  Benjamin E Hilbig; Morten Moshagen
Journal:  Psychon Bull Rev       Date:  2014-12
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