Theory and Decision 55 (2):87-146 (2003)

Abstract
Empirical evidence from both utility and psychophysical experiments suggests that people respond quite differently—perhaps discontinuously—to stimulus pairs when one consequence or signal is set to `zero.' Such stimuli are called unitary. The author's earlier theories assumed otherwise. In particular, the key property of segregation relating gambles and joint receipts (or presentations) involves unitary stimuli. Also, the representation of unitary stimuli was assumed to be separable (i.e., multiplicative). The theories developed here do not invoke separability. Four general cases based on two distinctions are explored. The first distinction is between commutative joint receipts, which are relevant to utility, and the non-commutative ones, which are relevant to psychophysics. The second distinction concerns how stimuli of the form (x, C; y) and the operation of joint receipt are linked: by segregation, which mixes stimuli and unitary ones, and by distributivity, which does not involve any unitary stimuli. A class of representations more general than rank-dependent utility (RDU) is found in which monotonic functions of increments U(x)-U(y), where U is an order preseving representation of gambles, and joint receipt play a role. This form and its natural generalization to gambles with n > 2 consequences, which is also axiomatized, appear to encompass models of configural weights and decision affect. When joint receipts are not commutative, somewhat similar representations of stimuli arise, and joint receipts are shown to have a conjoint additive representation and in some cases a constant bias independent of signal intensity is predicted
Keywords Economics / Management Science   Economics/Management Science, general   Operation Research/Decision Theory   Methodology of the Social Sciences
Categories (categorize this paper)
Reprint years 2004
DOI 10.1023/B:THEO.0000024427.27715.0a
Options
Edit this record
Mark as duplicate
Export citation
Find it on Scholar
Request removal from index
Revision history

Download options

PhilArchive copy


Upload a copy of this paper     Check publisher's policy     Papers currently archived: 71,259
Through your library

References found in this work BETA

Add more references

Citations of this work BETA

Add more citations

Similar books and articles

On Elements of Chance.R. Duncan Luce & A. A. J. Marley - 2000 - Theory and Decision 49 (2):97-126.
Empirical Rules of Thumb for Choice Under Uncertainty.Rolf Aaberge - 2011 - Theory and Decision 71 (3):431-438.
Attention is Not Unitary.Geoffrey F. Woodman, Edward K. Vogel & Steven J. Luck - 2001 - Behavioral and Brain Sciences 24 (1):153-154.
Naturalizing Joint Action: A Process-Based Approach.Deborah Tollefsen & Rick Dale - 2012 - Philosophical Psychology 25 (3):385-407.
Early Developments in Joint Action.Celia A. Brownell - 2011 - Review of Philosophy and Psychology 2 (2):193-211.

Analytics

Added to PP index
2010-09-02

Total views
101 ( #117,199 of 2,518,692 )

Recent downloads (6 months)
1 ( #408,186 of 2,518,692 )

How can I increase my downloads?

Downloads

My notes