Decision making Flashcards
1
Q
Decision maknig
A
Selection of an option from a set based on prior knowledge, expected outcomes and preference of reward
2
Q
Primary reinforcer
A
Direct benefit (like food/water)
3
Q
Secondary reinforcer
A
Has indirect benefit (like money)
4
Q
Relative probability
A
Number of positive outcomes devided by total number
5
Q
Expected value
A
Multiplying the probability of outcomes by there respective rewards (rational choice)
6
Q
Rationality
A
MAking decisions based on rules (normative approach) that are stable across different contexts and immune to cognitive limitations.
