Magnitude-sensitivity: rethinking decision-making

Pirrone, Angelo, Reina, Andreagiovanni, Stafford, Tom, Marshall, James AR and Gobet, Fernand ORCID: 0000-0002-9317-6886 (2022) Magnitude-sensitivity: rethinking decision-making. TRENDS IN COGNITIVE SCIENCES, 26 (1). pp. 66-80.

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Official URL: http://dx.doi.org/10.1016/j.tics.2021.10.006

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
Uncontrolled Keywords:	Humans, Decision Making
Divisions:	Faculty of Health and Life Sciences Faculty of Health and Life Sciences > Institute of Population Health
Depositing User:	Symplectic Admin
Date Deposited:	03 Feb 2023 16:36
Last Modified:	03 Feb 2023 16:36
DOI:	10.1016/j.tics.2021.10.006
Open Access URL:	http://eprints.lse.ac.uk/112572/
Related URLs:	Author Publisher
URI:	https://livrepository.liverpool.ac.uk/id/eprint/3168176