Journal article
Do humans make good decisions?
- Abstract:
-
Human performance on perceptual classification tasks approaches that of an ideal observer, but economic decisions are often inconsistent and intransitive, with preferences reversing according to the local context. We discuss the view that suboptimal choices may result from the efficient coding of decision-relevant information, a strategy that allows expected inputs to be processed with higher gain than unexpected inputs. Efficient coding leads to 'robust' decisions that depart from optimality...
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- Publisher copy:
- 10.1016/j.tics.2014.11.005
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Authors
Bibliographic Details
- Publisher:
- Elsevier
- Journal:
- Trends in Cognitive Sciences
- Volume:
- 19
- Issue:
- 1
- Pages:
- 27-34
- Publication date:
- 2015-01-01
- DOI:
- EISSN:
-
1879-307X
- ISSN:
-
1364-6613
- Source identifiers:
-
502730
Item Description
- Language:
- English
- Keywords:
- Pubs id:
-
pubs:502730
- UUID:
-
uuid:1d985f96-5d91-484f-ac49-c0060b4c60eb
- Local pid:
- pubs:502730
- Deposit date:
- 2015-01-16
Terms of use
- Copyright date:
- 2015
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