{"pk":28029,"title":"Skilled Bandits: Learning to Choose in a Reactive World","subtitle":null,"abstract":"In uncertain environments we must balance our need to gather\ninformation with our desire to exploit current knowledge.\nThis is further complicated in reactive environments where\nactions produce long-lasting change. In three experiments, we\ninvestigate how people learn to make effective decisions from\nexperience in a dynamic four-armed bandit task. In contrast to\nthe diminishing rewards found in most previous studies,\noptions were framed as skills that developed greater rewards\nwhen chosen. We find that most individuals learn effective\nstrategies for coping with reactive environments. We present\na psychological model positing that decision makers move\nthrough three distinct processing phases, and show that it\naccounts for key behavioral patterns across experiments.","language":"eng","license":{"name":"","short_name":"","text":null,"url":""},"keywords":[{"word":"decision making; dynamic environments;\nexplore-exploit dilemma; decisions from experience"}],"section":"Publication-based-Talks","is_remote":true,"remote_url":"https://escholarship.org/uc/item/4wt8j17j","frozenauthors":[{"first_name":"Jared","middle_name":"M","last_name":"Hotalin","name_suffix":"","institution":"UNSW","department":""},{"first_name":"Danielle","middle_name":"J","last_name":"Navarro","name_suffix":"","institution":"UNSW","department":""},{"first_name":"Ben","middle_name":"R","last_name":"Newell","name_suffix":"","institution":"UNSW","department":""}],"date_submitted":null,"date_accepted":null,"date_published":"2018-01-02T02:00:00+08:00","render_galley":null,"galleys":[{"label":"PDF","type":"pdf","path":"https://journalpub.escholarship.org/cognitivesciencesociety/article/28029/galley/17668/download/"}]}