NotesFAQContact Us
Collection
Advanced
Search Tips
Publication Date
In 20250
Since 20240
Since 2021 (last 5 years)0
Since 2016 (last 10 years)0
Since 2006 (last 20 years)1
Descriptor
Decision Making1
Expectation1
Influences1
Learning Processes1
Models1
Rewards1
Risk1
Sampling1
Source
Psychological Review1
Author
Denrell, Jerker1
Publication Type
Journal Articles1
Reports - Evaluative1
Education Level
Audience
Location
Laws, Policies, & Programs
Assessments and Surveys
What Works Clearinghouse Rating
Showing one result Save | Export
Adaptive Learning and Risk Taking
Peer reviewed Peer reviewed
Direct linkDirect link
Denrell, Jerker – Psychological Review, 2007
Humans and animals learn from experience by reducing the probability of sampling alternatives with poor past outcomes. Using simulations, J. G. March (1996) illustrated how such adaptive sampling could lead to risk-averse as well as risk-seeking behavior. In this article, the author develops a formal theory of how adaptive sampling influences risk…
Descriptors: Sampling, Decision Making, Risk, Models