Decision making under uncertainty / topic editors Kerstin Preuschoff, Peter N. C. Mohr and Ming Hsu.

Format:

Book

Author/Creator:

Kerstin Preuschoff

Contributor:

Preuschoff, Kerstin, editor.

Mohr, Peter N. C., editor.

Hsu, Ming, editor.

Series:

Frontiers Research Topics

Language:

English

Subjects (All):

Neurosciences.

Biological psychiatry.

Neuropsychiatry.

Physical Description:

1 online resource (143 pages) : illustrations.

Place of Publication:

Frontiers Media SA 2015

France : Frontiers Media SA, 2015

Language Note:

English

System Details:

text file

Summary:

Most decisions in life are based on incomplete information and have uncertain consequences. To successfully cope with real-life situations, the nervous system has to estimate, represent and eventually resolve uncertainty at various levels. A common tradeoff in such decisions involves those between the magnitude of the expected rewards and the uncertainty of obtaining the rewards. For instance, a decision maker may choose to forgo the high expected rewards of investing in the stock market and settle instead for the lower expected reward and much less uncertainty of a savings account. Little is known about how different forms of uncertainty, such as risk or ambiguity, are processed and learned about and how they are integrated with expected rewards and individual preferences throughout the decision making process. With this Research Topic we aim to provide a deeper and more detailed understanding of the processes behind decision making under uncertainty.

Notes:

Includes bibliographical references.

Creative Commons NonCommercial-NoDerivs CC by-nc-nd https://creativecommons.org/licenses/http://journal.frontiersin.org/researchtopic/295/decision-making-under-uncertainty

Description based on online resource; title from PDF title page (viewed on 08/16/2020)

ISBN:

9782889194667 (ebook)

Access Restriction:

Unrestricted online access