Risk, unexpected uncertainty, and estimation uncertainty: Bayesian learning in unstable settings.

Recently, evidence has emerged that humans approach learning using Bayesian updating rather than (model-free) reinforcement algorithms in a six-arm restless bandit problem. Here, we investigate what this implies for human appreciation of uncertainty. In our task, a Bayesian learner distinguishes thr...

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Bibliographic Details
Main Authors: Elise Payzan-LeNestour, Peter Bossaerts
Format: article
Language:EN
Published: Public Library of Science (PLoS) 2011
Subjects:
Online Access:https://doaj.org/article/288f655dafb4488386e9caabcdee5ab1
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