Rivals in the dark: How competition influences search in decisions under uncertainty
@article{Phillips2014RivalsIT, title={Rivals in the dark: How competition influences search in decisions under uncertainty}, author={Nathaniel D. Phillips and Ralph Hertwig and Yaakov Kareev and Judith Avrahami}, journal={Cognition}, year={2014}, volume={133}, pages={104-119} }
21 Citations
How short- and long-run aspirations impact search and choice in decisions from experience
- Economics, PsychologyCognition
- 2015
Compete, coordinate, and cooperate: How to exploit uncertain environments with social interaction.
- EconomicsJournal of experimental psychology. General
- 2015
A standard individual choice paradigm is extended to include social interaction with 1 other person, giving players an opportunity to fully exploit an uncertain environment via cooperation: By consistently choosing opposite options, two players can exploit the uncertain environment more effectively than a single player could.
Registered Report: "Decisions from experience: Competitive search and choice in kind and wicked environments"
- Business
- 2018
Information search is key to making decision from experience: exploration permits people to learn about the statistical properties of choice options and thus to become aware of rare but potentially…
Not all uncertainty is treated equally: Information search under social and nonsocial uncertainty
- PsychologyJournal of Behavioral Decision Making
- 2021
The social world is often portrayed as being less predictable and more uncertain than the nonsocial world. People may therefore feel the need to search more for information before making a choice.…
Unpacking the Exploration–Exploitation Tradeoff: A Synthesis of Human and Animal Literatures
- Business
- 2015
Many decisions in the lives of animals and humans require a fine balance between the exploration of different options and the exploitation of their rewards. Do you buy the advertised car, or do you…
Competition for novelty reduces information sampling in a research game—a registered report
- EconomicsRoyal Society Open Science
- 2019
An experiment to test whether competition affects information sampling and guessing accuracy in a game that mirrors aspects of scientific investigation finds that competition causes individuals to make guesses using less information, thereby reducing their accuracy.
Social exploration: When people deviate from options explored by others.
- PsychologyJournal of personality and social psychology
- 2020
It is theorized that the social-exploration effect results from people's tendency to intuitively adopt a group-level perspective with other people: a "the authors"-perspective, and in social contexts, people explore more to diversify their experience as a group.
The Janus face of Darwinian competition
- BiologyScientific reports
- 2015
This work examines the evolution of decision strategies among virtual agents performing a repetitive sampling task in three distinct environments and finds that under weak competition, agents evolve decision strategies that sample often and make accurate decisions, which not only improve their own fitness, but are good for the entire population.
The Janus face of Darwinian
- Biology
- 2015
This work examines the evolution of decision strategies among virtual agents performing a repetitive sampling task in three distinct environments and finds that under weak competition, agents evolve decision strategies that sample often and make accurate decisions, which not only improve their own fitness, but are good for the entire population.
Running head: Competitive Escalation Competitive Escalation and Interventions
- Psychology
- 2018
max 250 words) Competitive escalation occurs frequently in manager i l nvironments, when decisions create sunk costs and decision makers compete under time pressure. In a series of experiments using…
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