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Two Distinct Exploratory Behaviors in Decisions from Experience: Comment on Gonzalez and Dutt (2011)
Hills, Thomas T.; Hertwig, Ralph – Psychological Review, 2012
Gonzalez and Dutt (2011) recently reported that trends during sampling, prior to a consequential risky decision, reveal a gradual movement from exploration to exploitation. That is, even when search imposes no immediate costs, people adopt the same pattern manifest in costly search: early exploration followed by later exploitation. From this…
Descriptors: Decision Making, Models, Inferences, Sampling
Pryor, Robert; Bright, Jim – Australian Journal of Career Development, 2004
This paper highlights five challenges to the accepted wisdom in career development theory and practice. It presents the chaos theory of careers and argues that the chaos theory provides a more complete and authentic account of human behaviour. The paper argues that positivism, reductionism and assumptions of linearity are inappropriate for…
Descriptors: Physics, Career Development, Holistic Approach, Prediction