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{
    "pk": 25577,
    "title": "Exploring Complexity in Decisions from Experience: Same Minds, Same Strategy",
    "subtitle": null,
    "abstract": "One frequent piece of advice is not to “put all our eggs in\none basket” and opt for multiple alternatives in order to minimize\nrisk and uncertainty in our decisions. In a behavioral\nstudy involving decisions-from-experience, Ashby, Konstantinidis,\nand Gonzalez (2015) showed that participants follow\nan “irrational” strategy in choice selection which departs from\nmaximization. As structural complexity (number of available\noptions) increased, participants diversified their choices\nmore, proportional to rank ordering options based on their expected\nvalue. The current work explores the underlying cognitive\nmechanisms through a reinforcement-learning model and\nshows that people’s choices can be explained by a singular\nstrategy (diversification in choice), which originates from similar\ncognitive processes regardless of structural complexity",
    "language": "eng",
    "license": {
        "name": "",
        "short_name": "",
        "text": null,
        "url": ""
    },
    "keywords": [
        {
            "word": "Decisions from Experience; Diversification; Computational\nModeling; Probability Matching"
        }
    ],
    "section": "Papers",
    "is_remote": true,
    "remote_url": "https://escholarship.org/uc/item/05x063f2",
    "frozenauthors": [
        {
            "first_name": "Emmanouil",
            "middle_name": "",
            "last_name": "Konstantinidis",
            "name_suffix": "",
            "institution": "Carnegie Mellon University",
            "department": ""
        },
        {
            "first_name": "Nathaniel",
            "middle_name": "J.S.",
            "last_name": "Ashby",
            "name_suffix": "",
            "institution": "Carnegie Mellon University",
            "department": ""
        },
        {
            "first_name": "Cleotilde",
            "middle_name": "",
            "last_name": "Gonzalez",
            "name_suffix": "",
            "institution": "Carnegie Mellon University",
            "department": ""
        }
    ],
    "date_submitted": null,
    "date_accepted": null,
    "date_published": "2015-01-01T18:00:00Z",
    "render_galley": null,
    "galleys": [
        {
            "label": "PDF",
            "type": "pdf",
            "path": "https://journalpub.escholarship.org/cognitivesciencesociety/article/25577/galley/15201/download/"
        }
    ]
}