This paper reviews experimental approaches to dynamic decision behavior like, e.g., Toda’s fungus eater game, Edwards’ extension of SEU theory into dynamic decision making, storage control problems, the multistage betting game, and optional stopping problems. The respective merits and shortcomings of these approaches are discussed as well as some general problems of research on dynamic decision making.
CITATION STYLE
Rapoport, A. (1975). Research Paradigms for Studying Dynamic Decision Behavior. In Utility, Probability, and Human Decision Making (pp. 349–369). Springer Netherlands. https://doi.org/10.1007/978-94-010-1834-0_22
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