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- W2498892972 abstract "This chapter examines the alternative, behavioral economic models of evaluation. These models include diagnostic elements (differences in response to risk vs. ambiguity, attention to the chances of a positive or negative event, sensitivity to changes in probability as well as optimism or pessimism), elements related to management (expectancy-related and goal-related utilities), as well as outcome evaluations (disappointment, elation, and regret, as well as the experienced disutility of waiting for outcomes to occur). In addition, these models considered other factors that can change evaluations, such as learning and context. The investigation of the neural correlates of these behavioral economic parameters of choice clarified why some irrational violations of the axioms or reasons may occur or even be justified. The chapter also describes other forms of inconsistency in evaluation, beyond mere inconsistency with the economic axioms. These include conflicts between remembered, experienced, predictive, expectancy-related, and goal-related utility." @default.
- W2498892972 created "2016-08-23" @default.
- W2498892972 creator A5022467387 @default.
- W2498892972 date "2008-03-20" @default.
- W2498892972 modified "2023-09-25" @default.
- W2498892972 title "The Effectiveness of Evaluation: What Other Psychological Abilities Affect Evaluation?" @default.
- W2498892972 doi "https://doi.org/10.1093/acprof:oso/9780195305821.003.0004" @default.
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