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{
    "pk": 27941,
    "title": "Explaining Human Decisino Making in Optimal Stopping Tasks",
    "subtitle": null,
    "abstract": "In an optimal stopping problem, people encounter a sequenceof options and are tasked with choosing the best one; once anoption is rejected, it is no longer available. Recent studies ofoptimal stopping suggest that people compare the current op-tion with an internal threshold and accept it when the optionexceeds the threshold. In contrast, we propose that humans de-cide to accept or reject an option based on an estimate of theprobability that a better option will be observed in the future.We develop a computational model that formalizes this idea,and compare the model to the optimal policy in two experi-ments. Our model provides a better account of the data thanthe optimal model. In particular, our model explains how thedistributional structure of option values affects stopping behav-ior, providing a step towards a more complete psychologicaltheory of optimal stopping.",
    "language": "eng",
    "license": {
        "name": "",
        "short_name": "",
        "text": null,
        "url": ""
    },
    "keywords": [
        {
            "word": "optimal stopping; cognitive modeling; sequential decision making; probabilistic choice behavior"
        }
    ],
    "section": "Publication-based-Talks",
    "is_remote": true,
    "remote_url": "https://escholarship.org/uc/item/9v51f0hg",
    "frozenauthors": [
        {
            "first_name": "Christiane",
            "middle_name": "",
            "last_name": "Baumann",
            "name_suffix": "",
            "institution": "University of Zurich",
            "department": ""
        },
        {
            "first_name": "Henrik",
            "middle_name": "",
            "last_name": "Singmann",
            "name_suffix": "",
            "institution": "U of Zurich",
            "department": ""
        },
        {
            "first_name": "Vassilios",
            "middle_name": "E",
            "last_name": "Kaxiras",
            "name_suffix": "",
            "institution": "Belmont High School",
            "department": ""
        },
        {
            "first_name": "Samuel",
            "middle_name": "J",
            "last_name": "Gershman",
            "name_suffix": "",
            "institution": "Harvard",
            "department": ""
        },
        {
            "first_name": "Bettina",
            "middle_name": "",
            "last_name": "von Helveren",
            "name_suffix": "",
            "institution": "U of Zurich",
            "department": ""
        }
    ],
    "date_submitted": null,
    "date_accepted": null,
    "date_published": "2018-01-01T18:00:00Z",
    "render_galley": null,
    "galleys": [
        {
            "label": "PDF",
            "type": "pdf",
            "path": "https://journalpub.escholarship.org/cognitivesciencesociety/article/27941/galley/17579/download/"
        }
    ]
}