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SUMMARY:Risk\, uncertainty and feedback: How and what we learn from observ
 ing the outcome of our choices - Dr Tim Rakow\, Reader\, Department of Psy
 chology\, University of Essex
DTSTART:20131115T163000Z
DTEND:20131115T180000Z
UID:TALK47229@talks.cam.ac.uk
CONTACT:Louise White
DESCRIPTION:I will present and discuss data from laboratory studies of dec
 isions from\nexperience - situations in which the decision maker must lear
 n the payoff\ndistributions of the options before them by observing the ou
 tcome of\nprevious choices. This will include tasks in which participants 
 place a\nvalue on an asset\, and those in which participants choose betwee
 n two\noptions. I will examine how (e.g.\, how much) information is used t
 o form\nvaluations and make choices\, and how this relates to individual\n
 differences in cognitive capacity\; and will discuss how the amount of\nfe
 edback available (e.g.\, whether outcomes for non-chosen outcome are\nseen
 ) has differential impact in different kinds of choice set.\n
LOCATION:Ground Floor Lecture Theatre\, Department of Psychology
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