Magnitude-sensitivity: rethinking decision-making

Pirrone, Angelo, Reina, Andreagiovanni, Stafford, Tom, Marshall, James A.R. and Gobet, Fernand ORCID: 0000-0002-9317-6886 (2022) Magnitude-sensitivity: rethinking decision-making. Trends in Cognitive Sciences, 26 (1). 66 - 80. ISSN 1364-6613

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Abstract

Magnitude-sensitivity refers to the result that performance in decision-making, across domains and organisms, is affected by the total value of the possible alternatives. This simple result offers a window into fundamental issues in decision-making and has led to a reconsideration of ecological decision-making, prominent computational models of decision-making, and optimal decision-making. Moreover, magnitude-sensitivity has inspired the design of new robotic systems that exploit natural solutions and apply optimal decision-making policies. In this article, we review the key theoretical and empirical results about magnitude-sensitivity and highlight the importance that this phenomenon has for the understanding of decision-making. Furthermore, we discuss open questions and ideas for future research.

Item Type:	Article
Official URL:	https://www.cell.com/trends/cognitive-sciences/hom...
Additional Information:	© 2021 Elsevier Ltd
Divisions:	CPNSS
Subjects:	B Philosophy. Psychology. Religion > BF Psychology R Medicine > RC Internal medicine > RC0321 Neuroscience. Biological psychiatry. Neuropsychiatry B Philosophy. Psychology. Religion > B Philosophy (General)
Date Deposited:	08 Nov 2021 10:36
Last Modified:	20 Dec 2024 00:42
URI:	http://eprints.lse.ac.uk/id/eprint/112572

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