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Measuring the Subjective Value of Risky and Ambiguous Options using Experimental Economics and Functional MRI Methods
Published on: September 19, 2012
Richard L Lewis1, Andrew Howes, Satinder Singh
1Department of Psychology, University of Michigan.
We introduce computational rationality, a framework integrating information-processing limits into rational analysis. This approach models behavior as arising from cognitive mechanisms adapted to environmental and internal constraints, offering new explanations for cognitive processes.
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