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Gonzalez, Cleotilde; Dutt, Varun – Psychological Review, 2012
Hills and Hertwig (2012) challenge the proposed similarity of the exploration-exploitation transitions found in Gonzalez and Dutt (2011) between the 2 experimental paradigms of decisions from experience (sampling and repeated-choice), which was predicted by an instance-based learning (IBL) model. The heart of their argument is that in the sampling…
Descriptors: Data, Models, Learning Processes, Criticism
Gonzalez, Cleotilde; Dutt, Varun – Psychological Review, 2011
In decisions from experience, there are 2 experimental paradigms: sampling and repeated-choice. In the sampling paradigm, participants sample between 2 options as many times as they want (i.e., the stopping point is variable), observe the outcome with no real consequences each time, and finally select 1 of the 2 options that cause them to earn or…
Descriptors: Feedback (Response), Learning Theories, Models, Sampling