Article1959

Theoretical Models of Choice and Strategy Behavior: Stable State Behavior in the Two-Choice Uncertain Outcome Situation

105 citations0/0 files storedPsychometrika

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Decision-Making and Behavioral Economics Psychometric Methodologies and Testing Experimental Behavioral Economics Studies

Abstract

A theoretical approach to the understanding of human behavior in uncertain outcome situations is suggested, an approach which draws upon utility theory, decision-making theory, and statistical association theory. Experimental evidence supporting this approach as opposed to alternative approaches is summarized. Three different formalizations are presented, and a variety of experimental tests is suggested.

Citations in this library

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References

1945Theory of Games and Economic Behavior 1946Theory of Games and Economic Behavior 1954The theory of decision making.1959Decision Making; an Experimental Approach.1955Determinants of Choice-Distribution in Two-Choice Situations 1959Decision-making behavior in a two-choice uncertain outcome situation.1956A Comparison of Game Theory and Learning Theory

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