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The equate-to-differentiate's way of seeing the prisoner's dilemma
Li, Shu; Taplin, John E.; Zhang, Yuching; S. Li; Y. C. Zhang
2007-03-15
Source PublicationINFORMATION SCIENCES
ISSN0020-0255
SubtypeArticle
Volume177Issue:6Pages:1395-1412
AbstractIn this paper we advocate the application of the equate-to-differentiate rule to the prisoner's dilemma. As an alternative to the family of expected utility theory, the equate-to-differentiate approach [S. Li, A behavioral choice model when computational ability matters, Applied Intelligence 20 (2004) 147-163; S. Li, Equate-to-differentiate approach: an application in binary choice under uncertainty, Central European Journal of Operations Research 12 (3) (2004) 269-294] posits that the mechanism governing human risky decision making has never been one of maximising some kind of expectation, but rather some generalisation of dominance detection. In the light of the proposed representation system to describe uncertain alternatives, a decision maker's cognitive representation of the choice alternatives in the prisoner's dilemma situations is described by reference to two dimensions. The choice behaviour is thus modelled as a process in which the individual equates offered differences between alternatives on one dimension, but differentiates another one-dimensional difference as the determinant of the final choice. The predictions derived from these theoretical developments are empirically tested in six experiments with new data introduced to determine if people follow the theoretical prescriptions. In all these experiments, choices could be explained as a consequence of radically simplifying decision information.; In this paper we advocate the application of the equate-to-differentiate rule to the prisoner's dilemma. As an alternative to the family of expected utility theory, the equate-to-differentiate approach [S. Li, A behavioral choice model when computational ability matters, Applied Intelligence 20 (2004) 147-163; S. Li, Equate-to-differentiate approach: an application in binary choice under uncertainty, Central European Journal of Operations Research 12 (3) (2004) 269-294] posits that the mechanism governing human risky decision making has never been one of maximising some kind of expectation, but rather some generalisation of dominance detection. In the light of the proposed representation system to describe uncertain alternatives, a decision maker's cognitive representation of the choice alternatives in the prisoner's dilemma situations is described by reference to two dimensions. The choice behaviour is thus modelled as a process in which the individual equates offered differences between alternatives on one dimension, but differentiates another one-dimensional difference as the determinant of the final choice. The predictions derived from these theoretical developments are empirically tested in six experiments with new data introduced to determine if people follow the theoretical prescriptions. In all these experiments, choices could be explained as a consequence of radically simplifying decision information. (c) 2006 Elsevier Inc. All rights reserved.
Keywordsure-thing principle sunk cost windfall gain multi-investment non-compatriot player
Subject Area社会心理学
Indexed BySCI ; SSCI
Language英语
WOS IDWOS:000244123600006
Citation statistics
Cited Times:9[WOS]   [WOS Record]     [Related Records in WOS]
Document Type期刊论文
Identifierhttp://ir.psych.ac.cn/handle/311026/5757
Collection中国科学院心理研究所回溯数据库(1956-2010)
Corresponding AuthorS. Li; Y. C. Zhang
Affiliation1.Chinese Acad Sci, Inst Psychol, Beijing 100101, Peoples R China
2.Univ Adelaide, Adelaide, SA 5005, Australia
Recommended Citation
GB/T 7714
Li, Shu,Taplin, John E.,Zhang, Yuching,et al. The equate-to-differentiate's way of seeing the prisoner's dilemma[J]. INFORMATION SCIENCES,2007,177(6):1395-1412.
APA Li, Shu,Taplin, John E.,Zhang, Yuching,S. Li,&Y. C. Zhang.(2007).The equate-to-differentiate's way of seeing the prisoner's dilemma.INFORMATION SCIENCES,177(6),1395-1412.
MLA Li, Shu,et al."The equate-to-differentiate's way of seeing the prisoner's dilemma".INFORMATION SCIENCES 177.6(2007):1395-1412.
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