NDLI: The rationality of different kinds of intuitive decision processes

Content Provider	Springer Nature Link
Author	Jekel, Marc Glöckner, Andreas Fiedler, Susann Bröder, Arndt
Copyright Year	2012
Abstract	Whereas classic work in judgment and decision making has focused on the deviation of intuition from rationality, more recent research has focused on the performance of intuition in real-world environments. Borrowing from both approaches, we investigate to which extent competing models of intuitive probabilistic decision making overlap with choices according to the axioms of probability theory and how accurate those models can be expected to perform in real-world environments. Specifically, we assessed to which extent heuristics, models implementing weighted additive information integration (WADD), and the parallel constraint satisfaction (PCS) network model approximate the Bayesian solution and how often they lead to correct decisions in a probabilistic decision task. PCS and WADD outperform simple heuristics on both criteria with an approximation of 88.8 % and a performance of 73.7 %. Results are discussed in the light of selection of intuitive processes by reinforcement learning.
Starting Page	147
Ending Page	160
Page Count	14
File Format	PDF
ISSN	00397857
Journal	Synthese
Volume Number	189
Issue Number	1
e-ISSN	15730964
Language	English
Publisher	Springer Netherlands
Publisher Date	2012-05-24
Publisher Place	Dordrecht
Access Restriction	One Nation One Subscription (ONOS)
Subject Keyword	Rationality Intuitive decision processes Model comparison Philosophy of Science Epistemology Logic Philosophy of Language Metaphysics
Content Type	Text
Resource Type	Article
Subject	Philosophy Social Sciences

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1	Ministry of Education (GoI), Department of Higher Education	Sanctioning Authority	https://www.education.gov.in/ict-initiatives
2	Indian Institute of Technology Kharagpur	Host Institute of the Project: The host institute of the project is responsible for providing infrastructure support and hosting the project	https://www.iitkgp.ac.in
3	National Digital Library of India Office, Indian Institute of Technology Kharagpur	The administrative and infrastructural headquarters of the project	Dr. B. Sutradhar bsutra@ndl.gov.in
4	Project PI / Joint PI	Principal Investigator and Joint Principal Investigators of the project	Dr. B. Sutradhar bsutra@ndl.gov.in Prof. Saswat Chakrabarti will be added soon
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