7 papers · ranked by Valyu relevance
Mario Martinez-Saito, Alexis Belianin, Anna Shestakova, Boris Gutkin + 1 more
In games of incomplete information individual players make decisions facing a combination of structural uncertainty about the underlying parameters of the environment, and strategic uncertainty about the actions undertaken by their partners. How well are human actors able to cope with these uncertainties, and what…
Jacob M. Luber, Braden T. Tierney, Evan M. Cofer, Chirag J. Patel + 1 more
Across biology we are seeing rapid developments in scale of data production without a corresponding increase in data analysis capabilities. Here, we present Aether (http://aether.kosticlab.org), an intuitive, easy-to-use, cost-effective, and scalable framework that uses linear programming (LP) to optimally bid on and…
Alaa Al-Mohammad, Wolfram Schultz
Economic choice is thought to involve the elicitation of the private and subjective values of various choice options. Thus far, the estimation of subjective values in animals has relied upon repeated choices and was expressed as an average from dozens of stochastic decisions. However, decisions are made…
Mario Martinez-Saito, Rodion Konovalov, Michael A. Piradov, Anna Shestakova + 2 more
Competition for resources is a fundamental characteristic of evolution. Auctions have been widely used to model competition of individuals for resources, and bidding behavior plays a major role in social competition. Yet how humans learn to bid efficiently remains an open question. We used model-based neuroimaging to…
Jae-Chang Kim, Leopold Zangemeister, Philippe N. Tobler, Wolfram Schultz + 1 more
Risk is a fundamental factor affecting individual and social economic decisions, but its neural correlates are largely unexplored in the social domain. The amygdala, together with the dorsal anterior cingulate cortex (dACC), is thought to play a central role in risk taking. Here, we investigated in human volunteers…
Konstantin Volkmann, Alexandre Pastor-Bernier, Arkadiusz Stasiak, Fabian Grabenhorst + 1 more
Realistic, everyday rewards contain multiple components. An apple has taste and size. However, we choose in single dimensions, simply preferring some apples to others. How can such single-dimensional relationships refer to multi-dimensional choice options? Here, we investigated stochastic choices of two-component…
Ian T. Carroll, Shweta Bansal
Transportation of livestock carries the risk of spreading foreign animal diseases, leading to costly public and private sector expenditures on disease containment and eradication. Livestock movement tracing systems in Europe, Australia and Japan have allowed epidemiologists to model the risks engendered by…