psychological theories
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Thurstonian measurement of risk preferences: contemporary economic outlook
Recent economics literature has seen a revival of interest to psychologically-grounded theories of decision under risk. We review the recent proposals in this direction, compare it to classical estimations based on utility functions, and discuss their appropriateness using some original experimental data.
Towards a Theory of Human Visual Reasoning
Many tasks that are easy for humans are difficult for machines. In particular, while humans excel at tasks that require generalising across problems, machine systems notably struggle. One such task that has received a good amount of attention is the Synthetic Visual Reasoning Test (SVRT). The SVRT consists of a range of problems where simple visual stimuli must be categorised into one of two categories based on an unknown rule that must be induced. Conventional machine learning approaches perform well only when trained to categorise based on a single rule and are unable to generalise without extensive additional training to tasks with any additional rules. Multiple theories of higher-level cognition posit that humans solve such tasks using structured relational representations. Specifically, people learn rules based on structured representations that generalise to novel instances quickly and easily. We believe it is possible to model this approach in a single system which learns all the required relational representations from scratch and performs tasks such as SVRT in a single run. Here, we present a system which expands the DORA/LISA architecture and augments the existing model with principally novel components, namely a) visual reasoning based on the established theories of recognition by components; b) the process of learning complex relational representations by synthesis (in addition to learning by analysis). The proposed augmented model matches human behaviour on SVRT problems. Moreover, the proposed system stands as perhaps a more realistic account of human cognition, wherein rather than using tools that has been shown successful in the machine learning field to inform psychological theorising, we use established psychological theories to inform developing a machine system.
Cognitive Psychometrics: Statistical Modeling of Individual Differences in Latent Processes
Many psychological theories assume that qualitatively different cognitive processes can result in identical responses. Multinomial processing tree (MPT) models allow researchers to disentangle latent cognitive processes based on observed response frequencies. Recently, MPT models have been extended to explicitly account for participant and item heterogeneity. These hierarchical Bayesian MPT models provide the opportunity to connect two traditionally isolated disciplines. Whereas cognitive psychology has often focused on the experimental validation of MPT model parameters on the group level, psychometrics provides the necessary concepts and tools for measuring differences in MPT parameters on the item or person level. Moreover, MPT parameters can be regressed on covariates to model latent processes as a function of personality traits or other person characteristics.
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