Literature DB >> 27604600

Testing take-the-best in new and changing environments.

Michael D Lee1, Gabrielle Blanco2, Nikole Bo2.   

Abstract

Take-the-best is a decision-making strategy that chooses between alternatives, by searching the cues representing the alternatives in order of cue validity, and choosing the alternative with the first discriminating cue. Theoretical support for take-the-best comes from the "fast and frugal" approach to modeling cognition, which assumes decision-making strategies need to be fast to cope with a competitive world, and be simple to be robust to uncertainty and environmental change. We contribute to the empirical evaluation of take-the-best in two ways. First, we generate four new environments-involving bridge lengths, hamburger prices, theme park attendances, and US university rankings-supplementing the relatively limited number of naturally cue-based environments previously considered. We find that take-the-best is as accurate as rival decision strategies that use all of the available cues. Secondly, we develop 19 new data sets characterizing the change in cities and their populations in four countries. We find that take-the-best maintains its accuracy and limited search as the environments change, even if cue validities learned in one environment are used to make decisions in another. Once again, we find that take-the-best is as accurate as rival strategies that use all of the cues. We conclude that these new evaluations support the theoretical claims of the accuracy, frugality, and robustness for take-the-best, and that the new data sets provide a valuable resource for the more general study of the relationship between effective decision-making strategies and the environments in which they operate.

Entities:  

Keywords:  Fast and frugal decision making; Heuristic decision making; Non-compensatory decision making; Take-the-best

Mesh:

Year:  2017        PMID: 27604600     DOI: 10.3758/s13428-016-0798-x

Source DB:  PubMed          Journal:  Behav Res Methods        ISSN: 1554-351X


  1 in total

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Authors:  Dustin A Fife; Gabrielle Longo; Michael Correll; Patrice D Tremoulet
Journal:  Behav Res Methods       Date:  2021-02-25
  1 in total

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