Decision by sampling q

  title={Decision by sampling q},
  author={Neil Stewart and Nick Chater and Gordon D. A. Brown},
We present a theory of decision by sampling (DbS) in which, in contrast with traditional models, there are no underlying psychoeconomic scales. Instead, we assume that an attribute’s subjective value is constructed from a series of binary, ordinal comparisons to a sample of attribute values drawn from memory and is its rank within the sample. We assume that the sample reflects both the immediate distribution of attribute values from the current decision’s context and also the background, real… CONTINUE READING
0 Citations
104 References
Similar Papers


Publications referenced by this paper.
Showing 1-10 of 104 references

The adaptive character of thought

  • J R.
  • l’ecole americaine. Econometrica,
  • 1990
Highly Influential
4 Excerpts

How probable is probable. A numerical translation of verbal probability expressions

  • R. Beyth-Marom
  • Journal of Forecasting,
  • 1982
Highly Influential
5 Excerpts

Processing linguistic probabilities: General principles and empirical evidence

  • D. V. Budescu, T. S. Wallsten
  • 1995
Highly Influential
3 Excerpts

Some empirical evidence on dynamic inconsistency

  • R. H. Thaler
  • Economic Letters
  • 1981
Highly Influential
4 Excerpts

Similar Papers

Loading similar papers…