Please use this identifier to cite or link to this item:
https://hdl.handle.net/2440/91081
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DC Field | Value | Language |
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dc.contributor.author | Navarro, D.J. | - |
dc.contributor.author | Newell, B. | - |
dc.date.issued | 2014 | - |
dc.identifier.citation | Program of the 36th Annual Meeting of the Cognitive Science Society, 2014, pp.1054-1059 | - |
dc.identifier.isbn | 9780991196708 | - |
dc.identifier.uri | http://hdl.handle.net/2440/91081 | - |
dc.description.abstract | How do people solve the explore-exploit trade-off in a changing environment? In this paper we present experimental evidence in an "observe or bet" task, comparing human behavior in a changing environment to their behavior in an unchanging one. We present a Bayesian analysis of the observe or bet task and show that human judgments are consistent with that analysis. However, we find that people's behavior is most consistent with a Bayesian model that assumes a rate of change that is higher than the true rate in the task. We argue that this tendency is the result of asymmetric consequences: assuming that the world changes more often than it really does is not very costly, whereas assuming a too-low rate of change can carry much more severe consequences. | - |
dc.description.statementofresponsibility | Daniel J. Navarro, Ben R. Newell | - |
dc.language.iso | en | - |
dc.publisher | Cognitive Science Society | - |
dc.rights | © The Authors | - |
dc.source.uri | https://mindmodeling.org/cogsci2014/papers/188/ | - |
dc.subject | decision making; explore-exploit dilemmas; learning; change detection | - |
dc.title | Information versus reward in a changing world | - |
dc.type | Conference paper | - |
dc.contributor.conference | 36th Annual Meeting of the Cognitive Science Society (CogSci 2014) (23 Jul 2014 - 26 Jul 2014 : Quebec City, Canada) | - |
dc.relation.grant | http://purl.org/au-research/grants/arc/FT110100431 | - |
dc.relation.grant | http://purl.org/au-research/grants/arc/FT110100151 | - |
dc.relation.grant | http://purl.org/au-research/grants/arc/DP110104949 | - |
pubs.publication-status | Published | - |
dc.identifier.orcid | Navarro, D.J. [0000-0001-7648-6578] | - |
Appears in Collections: | Aurora harvest 2 Psychology publications |
Files in This Item:
File | Description | Size | Format | |
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hdl_91081.pdf | Published version | 179.81 kB | Adobe PDF | View/Open |
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