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As we know, there is a controversy about the decision making under risk between economists and psychologists. We discuss to build a unified theory of risky choice, which would explain both of compensatory and non-compensatory theories. For…

Economics · Quantitative Finance 2017-03-24 Lamb Wubin , Naixin Ren

Clinical trials often evaluate multiple outcome variables to form a comprehensive picture of the effects of a new treatment. The resulting multidimensional insight contributes to clinically relevant and efficient decision-making about…

Methodology · Statistics 2023-08-14 X. M. Kavelaars , J. Mulder , M. C. Kaptein

This article is a presentation of specific recent results describing scaling limits of individual-based models. Thanks to them, we wish to relate the time-scales typical of demographic dynamics and natural selection to the parameters of the…

Probability · Mathematics 2023-08-01 Aurélien Velleret

We consider an evolving system for which a sequence of observations is being made, with each observation revealing additional information about current and past states of the system. We suppose each observation is made without error, but…

Computation · Statistics 2021-03-10 Valentina Di Marco , Jonathan Keith

Decision makers sometimes cannot observe the consequences of their actions ex-post. This paper axiomatically characterizes a decision model in which the decision maker cares about verifying that a good consequence has been achieved.…

Theoretical Economics · Economics 2026-03-03 Hendrik Rommeswinkel

Decision-making in dynamic environments typically requires adaptive evidence accumulation that weights new evidence more heavily than old observations. Recent experimental studies of dynamic decision tasks require subjects to make decisions…

Neurons and Cognition · Quantitative Biology 2019-03-26 Nicholas W. Barendregt , Krešimir Josić , Zachary P. Kilpatrick

Recent AI trends seek to align AI models to learned human-centric objectives, such as personal preferences, utility, or societal values. Using standard preference elicitation methods, researchers and practitioners build models of human…

Machine Learning · Computer Science 2026-05-26 Cyrus Cousins , Vijay Keswani , Vincent Conitzer , Hoda Heidari , Jana Schaich Borg , Walter Sinnott-Armstrong

Belief function theory provides a flexible way to combine information provided by different sources. This combination is usually followed by a decision making which can be handled by a range of decision rules. Some rules help to choose the…

Artificial Intelligence · Computer Science 2015-01-29 Amira Essaid , Arnaud Martin , Grégory Smits , Boutheina Ben Yaghlane

In standardized educational testing, test items are reused in multiple test administrations. To ensure the validity of test scores, the psychometric properties of items should remain unchanged over time. In this paper, we consider the…

Applications · Statistics 2021-10-26 Yunxiao Chen , Yi-Hsuan Lee , Xiaoou Li

The goal of this article is to investigate how human participants allocate their limited time to decisions with different properties. We report the results of two behavioral experiments. In each trial of the experiments, the participant…

Neurons and Cognition · Quantitative Biology 2016-07-20 Arash Khodadadi , Pegah Fakhari , Jerome R. Busemeyer

We consider a problem of data integration. Consider determining which genes affect a disease. The genes, which we call predictor objects, can be measured in different experiments on the same individual. We address the question of finding…

Machine Learning · Statistics 2016-10-04 Xin Gao , Raymond J. Carroll

We consider sequential hypothesis testing based on observations which are received in groups of random size. The observations are assumed to be independent both within and between the groups. We assume that the group sizes are independent…

Methodology · Statistics 2021-10-11 Andrey Novikov , Xóchitl Itxel Popoca-Jiménez

In this work, we present a novel human-in-the-loop framework to help the human user understand the decision making process that involves choosing preferred options. We focus on qualitative preference models over alternatives from…

Artificial Intelligence · Computer Science 2019-09-20 Joseph Allen , Ahmed Moussa , Xudong Liu

The random utility model (RUM, McFadden and Richter, 1990) has been the standard tool to describe the behavior of a population of decision makers. RUM assumes that decision makers behave as if they maximize a rational preference over a…

General Economics · Economics 2022-07-05 Victor H. Aguiar , Maria Jose Boccardi , Nail Kashaev , Jeongbin Kim

Visual statistical inference is a way to determine significance of patterns found while exploring data. It is dependent on the evaluation of a lineup, of a data plot among a sample of null plots, by human observers. Each individual is…

Applications · Statistics 2014-08-12 Mahbubul Majumder , Heike Hofmann , Dianne Cook

Providing users with alternatives to choose from is an essential component in many online platforms, making the accurate prediction of choice vital to their success. A renewed interest in learning choice models has led to significant…

Machine Learning · Computer Science 2020-01-22 Nir Rosenfeld , Kojin Oshiba , Yaron Singer

In decision making tasks under uncertainty, humans display characteristic biases in seeking, integrating, and acting upon information relevant to the task. Here, we reexamine data from previous carefully designed experiments, collected at…

Artificial Intelligence · Computer Science 2021-02-05 Soumya Chatterjee , Pradeep Shenoy

We discuss Bayesian model uncertainty analysis and forecasting in sequential dynamic modeling of multivariate time series. The perspective is that of a decision-maker with a specific forecasting objective that guides thinking about relevant…

Methodology · Statistics 2022-06-07 Isaac Lavine , Michael Lindon , Mike West

We investigate indeterminism in physical observations. For this, we introduce a distinction between genuinely indeterministic (creation-1 and discovery-1) observational processes, and fully deterministic (creation-2 and discovery-2)…

Quantum Physics · Physics 2015-02-17 Massimiliano Sassoli de Bianchi

Trust is central to human social interactions, manifesting in actions that make one vulnerable to another. We argue that trust will thus depend on the decision-making processes that arise in neural systems. Building on advances in the…

General Economics · Economics 2025-09-23 Scott E. Allen , René F. Kizilcec , A. David Redish
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