• DocumentCode
    230110
  • Title

    Interval and symmetry approaches to uncertainty — Pioneered by wiener — Help explain seemingly irrational human behavior: A case study

  • Author

    Lorkowski, Joe ; Kreinovich, Vladik

  • Author_Institution
    Dept. of Comput. Sci., Univ. of Texas at El Paso, El Paso, TX, USA
  • fYear
    2014
  • fDate
    24-26 June 2014
  • Firstpage
    1
  • Lastpage
    7
  • Abstract
    It has been observed that in many cases, when we present a user with three selections od different price (and, correspondingly, different quality), then the user selects the middle selection. This empirical fact - known as a compromise effect - seems to contradicts common sense. Indeed, when a rational decision-maker selects one of the two alternatives, and then we add an additional option, then the user will either keep the previous selection or switch to a new option, but he/she will not select a previously rejected option. However, this is exactly what happens under the compromise effect. If we present the user with three options a <; a\´ <; a", then, according to the compromise effect, the user will select the middle option a\´, meaning that between a\´ and a"the user will select a\´. However, if instead we present the user with three options a\´ <; a"<; a"\´, then, according to the same compromise effect, the use will select a previously rejected option a". In this paper, we show that this seemingly irrational behavior actually makes sense: it can be explained by an application of a symmetry approach, an approach whose application to uncertainty was pioneered by N. Wiener (together with interval approach to uncertainty).
  • Keywords
    behavioural sciences; decision making; compromise effect; interval approach; irrational human behavior; rational decision-maker; symmetry approach; Current measurement; Decision making; Instruments; Measurement errors; Silicon; Uncertainty;
  • fLanguage
    English
  • Publisher
    ieee
  • Conference_Titel
    Norbert Wiener in the 21st Century (21CW), 2014 IEEE Conference on
  • Conference_Location
    Boston, MA
  • Type

    conf

  • DOI
    10.1109/NORBERT.2014.6893887
  • Filename
    6893887