The Role of Feedback in Decision Making

Osman, Magda

doi:10.5772/16669

Cited by 2 publications

(5 citation statements)

References 65 publications

(119 reference statements)

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“…In addition, controlling the output to a target value may carry a separate reward. That is, successful interventions on the inputs that lead to an output value that reaches the target value, or incrementally gets closer to the target value from trial to trial, may in turn be rewarded [46]. Exploration and exploitation take on different meanings in this paradigm than they do in bandit tasks.…”

Section: Dynamic Decision Making Tasksmentioning

confidence: 99%

Approaches to Learning to Control Dynamic Uncertainty

Osman

Glass

Hola

2015

Systems

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Abstract:In dynamic environments, when faced with a choice of which learning strategy to adopt, do people choose to mostly explore (maximizing their long term gains) or exploit (maximizing their short term gains)? More to the point, how does this choice of learning strategy influence one's later ability to control the environment? In the present study, we explore whether people's self-reported learning strategies and levels of arousal (i.e., surprise, stress) correspond to performance measures of controlling a Highly Uncertain or Moderately Uncertain dynamic environment. Generally, self-reports suggest a preference for exploring the environment to begin with. After which, those in the Highly Uncertain environment generally indicated they exploited more than those in the Moderately Uncertain environment; this difference did not impact on performance on later tests of people's ability to control the dynamic environment. Levels of arousal were also differentially associated with the uncertainty of the environment. Going beyond behavioral data, our model of dynamic decision-making revealed that, in actual fact, there was no difference in exploitation levels between those in the highly uncertain or moderately uncertain environments, but there were differences based on sensitivity to negative reinforcement. We consider the implications of our findings with respect to learning and strategic approaches to controlling dynamic uncertainty.

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Section: Dynamic Decision Making Tasksmentioning

confidence: 99%

Approaches to Learning to Control Dynamic Uncertainty

Osman

Glass

Hola

2015

Systems

Self Cite

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“…This author felt that personalized advertising would be more easily accepted by consumers and would become a source of information for them. This article [10] describes the role of advertising in the consumer decision-making process, both in terms of information and for the product concept, because advertising always seeks to influence consumers and follow their behavior, so it can influence their behavior. The article [10] concludes that consumers are confused at the stage of searching for information to find the information they need to solve their problems.…”

Section: The Impact Of Advertisingmentioning

confidence: 99%

“…This article [10] describes the role of advertising in the consumer decision-making process, both in terms of information and for the product concept, because advertising always seeks to influence consumers and follow their behavior, so it can influence their behavior. The article [10] concludes that consumers are confused at the stage of searching for information to find the information they need to solve their problems. The author [10] shows that "Advertising and consumer behavior have a strong relation.…”

Section: The Impact Of Advertisingmentioning

confidence: 99%

“…The article [10] concludes that consumers are confused at the stage of searching for information to find the information they need to solve their problems. The author [10] shows that "Advertising and consumer behavior have a strong relation. The role of advertisement is to influence the consumer decision-The role of advertising is to influence the consumer decision-making process and influence consumer decisions in all stages based on the marketing and advertising goals.…”

Section: The Impact Of Advertisingmentioning

confidence: 99%

“…These different channels also have different effects based on the demographics and characteristics of the consumers. Advertisers also study consumers' behavior not only to reach them but also to By understanding these reactions, advertisers will be able to create more effective By understanding these reactions, advertisers will be able to create more effective advertising for later campaigns and better targeting and message to the consumer [10]. "Advertisers focus on rational advertising in order to help consumers understand how the advertised products can solve their problems so that at the same time they find the consumers who need them through the information that allows their products to be pushed to them through shortcuts.…”

Section: The Impact Of Advertisingmentioning

confidence: 99%

See 2 more Smart Citations

Effects of Word of Mouth and Celebrity Advertisement Under the Internet Era

Wu¹,

Gao²,

Lei³

2023

Proceedings of the 2022 4th International Conference on Literature, Art and Human Development (ICLAHD 2022)

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This paper analyses the effect of word of mouth in the internet era and how celebrity endorsement affects it. We will also focus on other key parts of this topic including impulse consumption, buying intention due to many factors, and advertisement effectiveness. This paper included studies that indicated the effect of celebrity endorsements in advertisements has a significant impact on customers' intentions, factors attributing to customers' buying intentions.

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The Role of Feedback in Decision Making

Cited by 2 publications

References 65 publications

Approaches to Learning to Control Dynamic Uncertainty

Approaches to Learning to Control Dynamic Uncertainty

Effects of Word of Mouth and Celebrity Advertisement Under the Internet Era

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