Risk, uncertainty and feedback: How and what we learn from observing the outcome of our choices

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• Dr Tim Rakow, Reader, Department of Psychology, University of Essex
• Friday 15 November 2013, 16:30-18:00
• Ground Floor Lecture Theatre, Department of Psychology.

If you have a question about this talk, please contact Louise White.

I will present and discuss data from laboratory studies of decisions from experience – situations in which the decision maker must learn the payoff distributions of the options before them by observing the outcome of previous choices. This will include tasks in which participants place a value on an asset, and those in which participants choose between two options. I will examine how (e.g., how much) information is used to form valuations and make choices, and how this relates to individual differences in cognitive capacity; and will discuss how the amount of feedback available (e.g., whether outcomes for non-chosen outcome are seen) has differential impact in different kinds of choice set.

This talk is part of the Zangwill Club series.

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