Decision making under uncertainty
Most decisions in life are based on incomplete information and have uncertain consequences. To successfully cope with real-life situations, the nervous system has to estimate, represent and eventually resolve uncertainty at various levels. A common tradeoff in such decisions involves those between t...
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| Päätekijät: | , , |
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| Aineistotyyppi: | Online |
| Kieli: | englanti |
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Frontiers Media SA
2021
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| Aiheet: | |
| Linkit: | 18717 |
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| _version_ | 1869528179272581120 |
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| author | Kerstin Preuschoff Peter N. C. Mohr Ming Hsu |
| author_browse | Kerstin Preuschoff Ming Hsu Peter N. C. Mohr |
| author_facet | Kerstin Preuschoff Peter N. C. Mohr Ming Hsu |
| author_sort | Kerstin Preuschoff |
| collection | Directory of Open Access Books |
| description | Most decisions in life are based on incomplete information and have uncertain consequences. To successfully cope with real-life situations, the nervous system has to estimate, represent and eventually resolve uncertainty at various levels. A common tradeoff in such decisions involves those between the magnitude of the expected rewards and the uncertainty of obtaining the rewards. For instance, a decision maker may choose to forgo the high expected rewards of investing in the stock market and settle instead for the lower expected reward and much less uncertainty of a savings account. Little is known about how different forms of uncertainty, such as risk or ambiguity, are processed and learned about and how they are integrated with expected rewards and individual preferences throughout the decision making process. With this Research Topic we aim to provide a deeper and more detailed understanding of the processes behind decision making under uncertainty. |
| format | Online |
| id | doab-20.500.12854ir-44604 |
| institution | Directory of Open Access Books |
| language | eng |
| publishDate | 2021 |
| publishDateRange | 2021 |
| publishDateSort | 2021 |
| publisher | Frontiers Media SA |
| publisherStr | Frontiers Media SA |
| record_format | ojs |
| spelling | doab-20.500.12854ir-446042024-04-05T17:29:53Z Decision making under uncertainty Kerstin Preuschoff Peter N. C. Mohr Ming Hsu RC321-571 BF1-990 Q1-390 Decision Making Contextual influences situational influences neuroeconomics risk decision neuroscience uncertainty individual differences thema EDItEUR::P Mathematics and Science::PS Biology, life sciences::PSA Life sciences: general issues::PSAN Neurosciences Most decisions in life are based on incomplete information and have uncertain consequences. To successfully cope with real-life situations, the nervous system has to estimate, represent and eventually resolve uncertainty at various levels. A common tradeoff in such decisions involves those between the magnitude of the expected rewards and the uncertainty of obtaining the rewards. For instance, a decision maker may choose to forgo the high expected rewards of investing in the stock market and settle instead for the lower expected reward and much less uncertainty of a savings account. Little is known about how different forms of uncertainty, such as risk or ambiguity, are processed and learned about and how they are integrated with expected rewards and individual preferences throughout the decision making process. With this Research Topic we aim to provide a deeper and more detailed understanding of the processes behind decision making under uncertainty. 2021-02-11T11:02:32Z 2021-02-11T11:02:32Z 2016-03-10 08:14:32 2015 book 18717 16648714 9782889194667 https://directory.doabooks.org/handle/20.500.12854/44604 eng Frontiers Research Topics image/jpeg Attribution 4.0 International http://www.frontiersin.org/books/Decision_Making_under_Uncertainty/581#nogo http://journal.frontiersin.org/researchtopic/295/decision-making-under-uncertainty Frontiers Media SA 10.3389/978-2-88919-466-7 10.3389/978-2-88919-466-7 bf5ce210-e72e-4860-ba9b-c305640ff3ae 9782889194667 143 open access |
| spellingShingle | RC321-571 BF1-990 Q1-390 Decision Making Contextual influences situational influences neuroeconomics risk decision neuroscience uncertainty individual differences thema EDItEUR::P Mathematics and Science::PS Biology, life sciences::PSA Life sciences: general issues::PSAN Neurosciences Kerstin Preuschoff Peter N. C. Mohr Ming Hsu Decision making under uncertainty |
| title | Decision making under uncertainty |
| title_full | Decision making under uncertainty |
| title_fullStr | Decision making under uncertainty |
| title_full_unstemmed | Decision making under uncertainty |
| title_short | Decision making under uncertainty |
| title_sort | decision making under uncertainty |
| topic | RC321-571 BF1-990 Q1-390 Decision Making Contextual influences situational influences neuroeconomics risk decision neuroscience uncertainty individual differences thema EDItEUR::P Mathematics and Science::PS Biology, life sciences::PSA Life sciences: general issues::PSAN Neurosciences |
| topic_facet | RC321-571 BF1-990 Q1-390 Decision Making Contextual influences situational influences neuroeconomics risk decision neuroscience uncertainty individual differences thema EDItEUR::P Mathematics and Science::PS Biology, life sciences::PSA Life sciences: general issues::PSAN Neurosciences |
| url | 18717 |
| work_keys_str_mv | AT kerstinpreuschoff decisionmakingunderuncertainty AT peterncmohr decisionmakingunderuncertainty AT minghsu decisionmakingunderuncertainty |