Elements of information theory
Elements of information theory
Pattern Classification (2nd Edition)
Pattern Classification (2nd Edition)
Atoms of EVE′: A Bayesian basis for esthetic analysis of style in sketching
Artificial Intelligence for Engineering Design, Analysis and Manufacturing
Music and Probability
Information Foraging Theory: Adaptive Interaction with Information
Information Foraging Theory: Adaptive Interaction with Information
Choquet integral with respect to Łukasiewicz filters, and its modifications
Information Sciences: an International Journal
Generating probabilistic Boolean networks from a prescribed stationary distribution
Information Sciences: an International Journal
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All choices under uncertainty can be modeled as attempts to maximize expected utility. Yet many studies show that human choices do not maximize expected economic utility. Here we investigate one such behavior, known as ''probability matching'', and demonstrate that it maximizes an ecologic utility that goes beyond economic utility. To start we present data from a psychological experiment on a game of chance discovery called ''Iowa Gambling''. We then derive a mathematical model of game-playing behavior that optimizes ecologic utility, which includes informatic utility in learning and ergonomic utility in effort - as well as economic utility in earning. The model offers a good fit to the data, which supports our claim that human choices are made to optimize a combination of utilities that go beyond just economic utility. To close, we explore applications of probability matching to real-world situations of chance discovery such as web surfing and war fighting.