THE INFLUENCE OF ENVIROMENTAL NONSTATIONARITY IN A SEQUENTIAL DECISION-MAKING EXPERIMENT

Abstract

A study was made on a series of pilot experiments, and on their theoretical background, that investigated the effect on human decision-making of a belief that the environment is changing when in reality it is constant. The results suggest that subjects tend to search more among poorer alternatives when they believe that the situation is changeable, and in conformity with mathematical models suggested by W. K. Estes and R. R. Bush to describe the two types of decision-making behavior.

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Document Details

Document Type
Technical Report
Publication Date
Nov 17, 1952
Accession Number
AD0604156

Entities

People

  • Merrill M. Flood

Organizations

  • RAND Corporation

Tags

Communities of Interest

  • Human Systems

DTIC Thesaurus Topics

  • Environment
  • Experimental Data
  • Instructions
  • Learning
  • Mathematical Models
  • Models
  • Probability
  • Standards
  • Stochastic Processes

Fields of Study

  • Psychology

Readers

  • Team-Based Human-Centered Cognitive Task Decision Making and Information Performance.
  • Theoretical Analysis.