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{
    "pk": 25520,
    "title": "A Hierarchical Cognitive Threshold Model of Human Decision Making on\nDifferent Length Optimal Stopping Problems",
    "subtitle": null,
    "abstract": "In optimal stopping problems, people are asked to choose the\nmaximum out of a sequence of values, under the constraint\nthat a number can only be chosen when it is presented. We\npresent a series of threshold models of human decision making\non optimal stopping problems, including a new hierarchical\nmodel that assumes individual differences in threshold setting\nare controlled by deviations or biases from optimality associated\nwith risk propensity, and is applicable to optimal stopping\nproblems of any length. Using Bayesian graphical modeling\nmethods, we apply the models to previous data involving 101\nparticipants with large individual differences who completed\nsets of length 5 and length 10 problems. Our results demonstrate\nthe effectiveness of the bias-from-optimal hierarchical\nmodel, find individual differences in thresholds that people\nuse, but also find that these individual differences are stable\nacross the two optimal stopping tasks.",
    "language": "eng",
    "license": {
        "name": "",
        "short_name": "",
        "text": null,
        "url": ""
    },
    "keywords": [
        {
            "word": "optimal stopping; secretary problem; sequential\ndecision-making; threshold models; hierarchical Bayesian\nmodeling"
        }
    ],
    "section": "Papers",
    "is_remote": true,
    "remote_url": "https://escholarship.org/uc/item/92q639js",
    "frozenauthors": [
        {
            "first_name": "Maime",
            "middle_name": "",
            "last_name": "Guan",
            "name_suffix": "",
            "institution": "Department of Cognitive Science, University of California, Irvine",
            "department": ""
        },
        {
            "first_name": "Michael",
            "middle_name": "D",
            "last_name": "Lee",
            "name_suffix": "",
            "institution": "Department of Cognitive Science, University of California, Irvine",
            "department": ""
        },
        {
            "first_name": "Joachim",
            "middle_name": "",
            "last_name": "Vandekerckhove",
            "name_suffix": "",
            "institution": "Department of Cognitive Science, University of California, Irvine",
            "department": ""
        }
    ],
    "date_submitted": null,
    "date_accepted": null,
    "date_published": "2015-01-01T10:00:00-08:00",
    "render_galley": null,
    "galleys": [
        {
            "label": "PDF",
            "type": "pdf",
            "path": "https://journalpub.escholarship.org/cognitivesciencesociety/article/25520/galley/15144/download/"
        }
    ]
}