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100 _aRode, Catrin
245 _aRisk-sensitive decision making examined within an evolutionary framework
260 _c2000
300 _ap.926-39
362 _aMar
520 _aTwo examples of human decision-making biases are reexamined from an evolutionary perspective. The framing effect and ambiguity avoidance effect both violate core assumptions of normative models of rational decision making. These violations were often used to showcase that the human mind is predisposed against optimal decision making. The authors argue that the human mind is fine-tuned to solve complex decision tasks that had been recurrent in hominid evolution. By studying the biases within the framework of risk-sensitivity theory, they demonstrate that humans take into account the mean outcome of an option, the variability of the outcome, and their current goal to arrive at a decision that is most likely to guarantee survival. Thus, an evolutionary approach helps us reveal important features of human choice behavior and provides insights into the nature of human decision rationality. - Reproduced
650 _aPsychology
650 _aDecision making
700 _aWang, Xt
773 _aAmerican Behavioral Scientist
909 _a44549
999 _c44549
_d44549