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Simulation of behavior in the binary choice experiment

41 citations0/0 files storedWestern Joint IRE-AIEE-ACM Computer Conference (WJCC)

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Decision-Making and Behavioral Economics Simulation Techniques and Applications Cognitive Science and Education Research

Abstract

A modern, high-speed digital computer has been used to simulate the behavior of individual human subjects in a classical psychological experiment where the subject is asked to predict a series of binary events. The representation of models of human behavior in the form of computer programs has permitted the construction and study of more realistic hypothesis-testing models of behavior in this experiment rather than the oversimplified conditioning models previously proposed. A model for one subject is described in detail, and the problem of comparing the behavior of the model to the behavior of the subject is also discussed.

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1976PEER NOMINATIONS: A MODEL, LITERATURE CRITIQUE AND A PARADIGM FOR RESEARCH 2010Pattern-Based Expectations: International Experimental Evidence and Applications in Financial Economics 1978A seven-point scale and a decision-maker's simplifying choice strategy: An operationalized satisficing-plus model 2016The impact of sub‐national institutions 1964Sequential decision-making in a computer-controlled task 2000La ubicuidad de los hábitos y las reglas 1974Are Subjective Probabilities Probabilities?1982Binary choice and the supply of memory

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