| Dynamic Decision Making Laboratory | ||||
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RESEARCH |
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Hypothesis Generation & Feedback in Dynamic Decision Making
Overview This research will improve our theoretical understanding of the dynamics of human behavior through laboratory studies using artificial and realistic task domains, and through computational cognitive modeling. This research contributes directly to understanding the dynamics of two very basic mechanisms of decision making: how people come to generate hypotheses from cues while those cues and the situation evolve over time and how feedback of different kinds changes individuals’ dynamic decision making behavior. We are investigating human understanding of stocks and flows. Stock and flows— resources that accumulate or deplete and the flows that alter them— are ubiquitous, and understanding them is fundamental in business, our personal life, and society. Our work shows that many find stocks and flows unintuitive and rely on incorrect assumptions to solve these problems. This project aims at determining why people find the basic stock and flows difficult. Specifically, we study how experience may help people learn to detect the correct cause-effect relationships. |
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The Dynamic Decision Making Laboratory is part of the Social and Decision Sciences Department, Carnegie Mellon University. For updates and comments, please email hauyuw@andrew.cmu.edu. |