The concept of behavioural control is intimately tied to the valuation of resources and choices. For example, a creature that moves left instead of right may forgoe the food and other resources that ...

Researchers have developed 'Dynamic Prospect Theory,' which integrates the most popular model in behavioral economics -- prospect theory and a well-established model from neuroscience -- reinforcement ...

A recent advancement in artificial intelligence introduces a more efficient way to manage complex systems involving multiple ...

Tsukuba, Japan—How do humans make decisions when the outcomes are uncertain? One possible way would be to calculate the expected value of each option by multiplying each possible outcome amount by its ...