A network model of rational versus irrational choices on a probability maximization task

─Humans have a drive to maximize knowledge of the world, yet decision making data also suggest a contrary drive to minimize cognitive effort using simplifying heuristics. The trade-off between maximizing knowledge and minimizing effort is modeled by simulation of a challenging decision task. The task is to choose which of two gambles has the highest probability of success when the alternative with higher success probability also has lower success frequency.

• Type: Conference
• Year: 2008
• Where: IJCNN
• Authors: Daniel S. Levine, Leonid I. Perlovsky
• Keywords: Artificial Intelligence, Challenging Decision Task, Decision Making Data, IJCNN 2008, Lower Success Frequency