Search strategies in decision making
The success of “success”
Bibliographic Data
| ID | 12166609 |
|---|---|
| Authors | Ben R Newell (0000-0003-1898-205X, University College London, corresponding author), Tim Rakow (0000-0002-7127-8793, University of Essex), Nicola Weston (University College London), Nicola J Weston, David R Shanks (0000-0002-4600-6323, University College London) |
| Year | 2004 |
| Volume | 17 |
| Issue | 2 |
| Pages | 117-137 |
| Publication date | 2004-03-31 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Journal of Behavioral Decision Making (JOURNAL) |
| Journal identifiers | ISSN: 0894-3257 • E-ISSN: 1099-0771 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1002/bdm.465 |
| OpenAlex | W2143233935 |
| Language | EN |
| Citations received | 9 |
| References cited | 48 |
Examination of search strategies has tended to focus on choices determined by decision makers' personal preferences among relevant cues, and not on learning cue‐criterion relationships. We present an empirical and rational analysis of cue search for environments with objective criteria. In such environments, cues can be evaluated on the basis of three properties: validity (the probability that a cue identifies the correct choice if cue values differ between alternatives); discrimination rate (the proportion of occasions on which a cue has differing values); and success (the expected proportion of correct choices when only that cue can be used). Our experiments show that though there is a high degree of individual variability, success is a key determinant of search. Furthermore, a rational analysis demonstrates why success‐directed search is the most adaptive strategy in many circumstances. Copyright © 2004 John Wiley & Sons, Ltd
Cognitive psychology · Decision-Making and Behavioral Economics · Economic and Environmental Valuation · Multi-Criteria Decision Making · Psychology · Social Psychology
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On the binary quality of recognition and the inconsequentiality of further knowledge
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Elimination by aspects
Probabilistic mental models
Reasoning the fast and frugal way
Order effects in belief updating
Behavioral Decision Theory
Rational choice and the structure of the environment.
Social Judgment Theory
Bayesian strategy assessment in multi‐attribute decision making
Diagnosticity, confidence, and the need for information
The Economics of Information
Automatic processing of fundamental information
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Contingent decision behavior
| Unique citing works | 9 |
|---|---|
| Citations per year | 0,45 |
| Citation span | 2006 - 2019 (14) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 9 |