Human Decision-Making beyond the Rational Decision Theory. 2020

Etienne Koechlin
Ecole Normale Superieure, PSL Research University, Université Pierre et Marie Curie, Institut National de la Santé et de la Recherche Biomédicale, Paris, France. Electronic address: etienne.koechlin@upmc.fr.

Two recent studies (Farashahi et al. and Rouault et al.) provide compelling evidence refuting the Subjective Expected Utility (SEU) hypothesis as a ground model describing human decision-making. Together, these studies pave the way towards a new model that subsumes the notion of decision-making and adaptive behavior into a single account.

UI MeSH Term Description Entries
D003657 Decision Making The process of making a selective intellectual judgment when presented with several complex alternatives consisting of several variables, and usually defining a course of action or an idea. Credit Assignment,Assignment, Credit,Assignments, Credit,Credit Assignments
D003662 Decision Theory A theoretical technique utilizing a group of related constructs to describe or prescribe how individuals or groups of people choose a course of action when faced with several alternatives and a variable amount of knowledge about the determinants of the outcomes of those alternatives. Decision Theories,Theories, Decision,Theory, Decision
D006801 Humans Members of the species Homo sapiens. Homo sapiens,Man (Taxonomy),Human,Man, Modern,Modern Man
D012201 Reward An object or a situation that can serve to reinforce a response, to satisfy a motive, or to afford pleasure. Rewards

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