MODELS OF EMERGING CONTEXTS IN RISKY AND COMPLEX DECISION SETTINGS

Category: Journal: Academic
Subject Area: Quantitative Sciences
   

General Information

Author(s): Gustav Lundberg    

Publisher:

Elsevier Sequoia S.A.
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Location:  Amsterdam, Holland
Year/Month:  2007 March
Page(s): 1363-1374
Status: Published
   

Journals, Monologues, Reviews, Critiques, and Discussions

Periodical: European Journal of Operational Research
Volume/Issue:  177(3)
ISSN:  0377-2217
   

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Abstract

Key components of the multiple constraint satisfaction framework are explored in a series of experiments set in complex and ambiguous domains. All cases show the prevalence and importance of a purposeful structuring of the information by the participants. The participants gradually generate coherence, even in cases without increasing information. In accordance with multiple constraint satisfaction predictions, the assessments of inferences increasingly spread apart. Also, the correlations between the dependent variable (the decision) and the independent variables, as well as between the independent variables, consistently grow stronger as the participants progress through the decision stages. The information structuring-a gradual simplification of the component structure-is captured as principal components associated with the various decision stages. Neural networks predict the judgments in the various decision stages relatively well. Finally, the role of the ongoing structuring of the underlying information was explored through the application of trained networks to data in other decision stages.
 
   
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