Corpus ID: 2290415

Over-representation of Extreme Events in Decision-Making: A Rational Metacognitive Account

@article{Nobandegani2018OverrepresentationOE,
  title={Over-representation of Extreme Events in Decision-Making: A Rational Metacognitive Account},
  author={Ardavan Salehi Nobandegani and Kevin da Silva Castanheira and A. Ross Otto and Thomas R. Shultz},
  journal={ArXiv},
  year={2018},
  volume={abs/1801.09848}
}
  • Ardavan Salehi Nobandegani, Kevin da Silva Castanheira, +1 author Thomas R. Shultz
  • Published in CogSci 2018
  • Psychology, Mathematics, Computer Science, Biology
  • ArXiv
  • The Availability bias, manifested in the over-representation of extreme eventualities in decision-making, is a well-known cognitive bias, and is generally taken as evidence of human irrationality. In this work, we present the first rational, metacognitive account of the Availability bias, formally articulated at Marr's algorithmic level of analysis. Concretely, we present a normative, metacognitive model of how a cognitive system should over-represent extreme eventualities, depending on the… CONTINUE READING
    6
    Twitter Mentions

    Citations

    Publications citing this paper.

    Bringing Order to the Cognitive Fallacy Zoo

    VIEW 4 EXCERPTS
    CITES BACKGROUND

    References

    Publications referenced by this paper.
    SHOWING 1-10 OF 41 REFERENCES

    Overrepresentation of Extreme Events in Decision Making Reflects Rational Use of Cognitive Resources

    VIEW 18 EXCERPTS
    HIGHLY INFLUENTIAL

    An Introduction to Signal Detection and Estimation

    VIEW 4 EXCERPTS
    HIGHLY INFLUENTIAL

    Building Machines That Learn and Think Like People

    VIEW 4 EXCERPTS
    HIGHLY INFLUENTIAL

    Simulation as an engine of physical scene understanding.

    VIEW 4 EXCERPTS
    HIGHLY INFLUENTIAL