PSYCH 4508 Lecture Notes - Lecture 12: Smart-1, Overfitting, Decision Rule
1 Nov 2016
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Document Summary
Noncompensatory decision making: the ttb heuristic in noncompensatory , the remaining (unutilized) cues cannot compensate for scores on an earlier cue. Why the sip for franklin"s and dawes" rules: cities that are recognized, franklin"s and dawes" rules count negatives ( ) as well as positives (+), there are lots of negatives in the table. Results averaged across 20 data sets: fast and frugal heuristics performed well, particularly when applied to new cases, regression was particularly subject to overfitting especially when the ratio of cases to cues was small. Challenges for take the best: to be more complete account of the way humans make forced-choice decisions, Psych 4508: lots of choices (data are from the last 60 choices) Results for three different strategies: researchers classified peoples" decision strategies into three types, frugal: rarely bought unnecessary information (46%, weight of evidence: often bought unnecessary information (38%, guessing: often bought no information (16%)
