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E. C. Tolman emphasized the purposiveness of behavior — the idea that much of our behavior is goal-directed. For instance, employees who aim for a promotion work diligently to meet their targets. Tolman argued that when classical conditioning and operant conditioning occur, the organism acquires certain expectations. In classical conditioning, a child might fear a dog because they expect it to bite. In operant conditioning, a person might consistently work overtime because they expect a...
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Learning What to Want: Context-Sensitive Preference Learning.

Nisheeth Srivastava1, Paul Schrater2

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Summary
This summary is machine-generated.

This study introduces a new method to learn relative preferences directly from choice history, bypassing utility calculations. It explains rational decision-making and context effects, reconciling economic and psychological rationality definitions.

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Area of Science:

  • Decision Science
  • Cognitive Psychology
  • Behavioral Economics

Background:

  • Traditional models often rely on intermediate utility computations to infer preferences.
  • Understanding agent decision-making from observed choices is crucial for behavioral modeling.
  • Reconciling economic and psychological definitions of rationality remains a challenge.

Purpose of the Study:

  • To develop a novel method for learning relative preferences directly from choice histories.
  • To infer psychologically rational preferences using Bayesian inference from observable inputs.
  • To characterize conditions for using ordinal utilities and explain context effects in decision-making.

Main Methods:

  • Developed a method to learn relative preferences from choice histories without intermediate utility computation.
  • Employed Bayesian inference to model agent choices based on observable inputs.
  • Characterized conditions for ordinal utility representation and explained context effects.

Main Results:

  • Successfully inferred preferences that are psychologically rational from choice histories.
  • Identified conditions under which ordinal utilities are appropriate for modeling preferences.
  • Explained major categories of context effects by incorporating choice history influence.
  • Clarified the relationship between economic and psychological rationality.

Conclusions:

  • The proposed method offers a new way to understand and model preferences from observed choices.
  • It provides a unified framework for rational decision-making, incorporating psychological and economic perspectives.
  • The findings rationalize behaviors previously deemed irrational by behavioral economists.