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Steingroever, Helen; Wetzels, Ruud; Wagenmakers, Eric-Jan – Journal of Problem Solving, 2013
The Iowa gambling task (IGT) is one of the most popular tasks used to study decision-making deficits in clinical populations. In order to decompose performance on the IGT in its constituent psychological processes, several cognitive models have been proposed (e.g., the Expectancy Valence (EV) and Prospect Valence Learning (PVL) models). Here we…
Descriptors: Decision Making, Reinforcement, Comparative Analysis, Models
Lee, Michael D.; Paradowski, Michael J. – Journal of Problem Solving, 2007
We consider group decision-making on an optimal stopping problem, for which large and stable individual differences have previously been established. In the problem, people are presented with a sequence of five random numbers between 0 and 100, one at a time, and are required to choose the maximum of the sequence, without being allowed to return…
Descriptors: Participative Decision Making, Problem Solving, Individual Differences, Comparative Analysis