2016
DOI: 10.1037/apl0000082
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Departures from optimality when pursuing multiple approach or avoidance goals.

Abstract: This article examines how people depart from optimality during multiple-goal pursuit. The authors operationalized optimality using dynamic programming, which is a mathematical model used to calculate expected value in multistage decisions. Drawing on prospect theory, they predicted that people are risk-averse when pursuing approach goals and are therefore more likely to prioritize the goal in the best position than the dynamic programming model suggests is optimal. The authors predicted that people are risk-se… Show more

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Cited by 19 publications
(24 citation statements)
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References 59 publications
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“…In what follows we derive the process of estimating choice values and subsequent choices based on dynamic programming applied to a finite horizon Markov decision process ([20]; for experimental studies see also [9, 21]).…”
Section: Methodsmentioning
confidence: 99%
See 1 more Smart Citation
“…In what follows we derive the process of estimating choice values and subsequent choices based on dynamic programming applied to a finite horizon Markov decision process ([20]; for experimental studies see also [9, 21]).…”
Section: Methodsmentioning
confidence: 99%
“…This approach is often used in cognitive neuroscience to model the mechanism of how humans make decisions in temporally extended goal-reaching scenarios, (e.g. [69]).…”
Section: Introductionmentioning
confidence: 99%
“…Pts A T < 10 or Pts B T � 10). In what follows we derive the process of estimating choice values and subsequent choices based on dynamic programming applied to a finite horizon Markov decision process ( [20]; for experimental studies see also [9,21]).…”
Section: Behavioural Modelmentioning
confidence: 99%
“…This approach is often used in cognitive neuroscience to model the mechanism of how humans make decisions in temporally extended goal-reaching scenarios, (e.g. [6][7][8][9]).…”
Section: Introductionmentioning
confidence: 99%
“…Incentives improved team performance when difficult goals were set but not in the case of easy goals. Ballard, Yeo, Neal, and Farrell (2016) investigated goal-framing effects (approach vs. avoidance goals) on the optimality of decisions in the pursuit of two simultaneous goals. Decision makers chose between two actions that would prioritize one of the two simultaneous goals (i.e., achieve or avoid a target score).…”
Section: Motivation and Volition In Decisions Under Riskmentioning
confidence: 99%