Problem-Solving
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The Innovation Arena: A Method for Comparing Innovative Problem-Solving Across Groups
Published on: May 13, 2022
Carsten Murawski1, Peter Bossaerts1,2
1Department of Finance, The University of Melbourne, Parkville, Victoria 3010, Australia.
Human decision-making struggles with complex problems like the knapsack problem. Performance decreases with complexity, yet effort often exceeds marginal gains, showing unique cognitive strategies.
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