Multi-Attribute Decision by Sampling: An account of the attraction, compromise and similarity effects

Inducing preference reversals by manipulating revealed preferences

“…Thus, our current results cannot be used to support one model's case over another. At most, they can be used to argue in favor of simpler sequential information accumulation accounts of preference reversals, such as the ones discussed in Roe et al (2001), Srivastava and Schrater (2015), Ronayne and Brown (2017) and Noguchi and Stewart (2018) over more complex theories that assume valuation-based mechanisms to produce such context effects. This paper's main contribution is the demonstration that simple series of ordinal comparisons are sufficient to establish classic preference reversals, establishing that all that is really needed to see such effects is the ability to accumulate extremely coarse (even binary) task signals.…”

“…Further, context effects have been documented for multiple non-human animals: preference reversals induced by change of frame for capuchin monkeys (Lakshminarayanan, Chen, & Santos, 2011), context-dependent foraging decisions in hummingbirds (Bateson, Healy, & Hurly, 2003), and perhaps most impressive, the elicitation of an asymmetric dominance effect in food location preference observed in the acellular protist physarum polycephalum (Latty & Beekman, 2011). These observations, the last one in particular, suggest that the true explanations for these context effects likely lie in simple information processing mechanisms, such as the ones proposed in decision field theory (Roe et al, 2001), evidence accumulation based on ordinal comparisons (Ronayne & Brown, 2017;Noguchi & Stewart, 2018) or through inference based on ordinal comparisons (Srivastava & Schrater, 2015).…”

“…This paradigm, thus, presents value signals in sequence much as in value psychophysics (Tsetsos, Chater, & Usher, 2012) and the experimental paradigm used by Ronayne and Brown (2017). The novelty of our paradigm is that we use races observed over time in an animation to present evidence for attribute-level superiority or inferiority, rather than leveraging numeric labels to present the same information.…”

The Attraction and Compromise Effects in Bargaining: Experimental Evidence

“…choice. Moreover, psychological research has shown that the AE and CE (and other effects) can arise from the processes and heuristics that individuals employ when comparing choice options -see for example Ronayne and Brown (2016), Noguchi and Stewart (2014), Soltani et al (2012), Stewart et al (2006), Busemeyer et al (2005), and Usher and McClelland (2004). Colman et al (2007) and Amaldoss et al (2008) consider simultaneousmove games with 'strategic asymmetric dominance'.…”

A Robust Single-Valued Neutrosophic Soft Aggregation Operators in Multi-Criteria Decision Making

“…The method is addressed to select the best alternative among the finite set of alternatives as claimed by decision makers under the preference values of the alternatives. MCDM problems extensively applied with quantitative or qualitative attribute values and have a board application in medical diagnosis [1,2], ecology [3], sensor network [4] management science and engineering [5,6], economic [7], market prediction and engineering technology [8], transport service problem [9] etc. As our modern society move forward with the decision-making process, so it always faces imprecise, vague and uncertain facts to take a decision in solving decision-making problems.…”