A dynamic account of decision-making via belief updating from description and experience.
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| Title: | A dynamic account of decision-making via belief updating from description and experience. |
|---|---|
| Authors: | Selkghafari, Poorya1 pselkgha@uoguelph.ca, Dhar, Tirtha2 tdhar@uoguelph.ca, Mishra, Sandeep2 tdhar@uoguelph.ca |
| Source: | AMA Winter Academic Conference Proceedings. 2026, Vol. 37, p5-8. 4p. |
| Abstract: | The article presents a dynamic model of decision-making that integrates belief updating from both descriptive information and direct experience. It demonstrates how individuals adjust their risk perceptions and choices over time through sequential learning, revealing distinct patterns in reliance on statistical summaries versus personal outcomes. |
| Database: | Education Research Complete |
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