A multi-stage anticipated surprise model with dynamic expectation for economic decision-making

Abstract There are many modeling works that aim to explain people’s behaviors that violate classical economic theories. However, these models often do not take into full account the multi-stage nature of real-life problems and people’s tendency in solving complicated problems sequentially. In this w...

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Bibliographic Details
Main Authors: Ho Ka Chan, Taro Toyoizumi
Format: Article
Language:English
Published: Nature Portfolio 2024-01-01
Series:Scientific Reports
Online Access:https://doi.org/10.1038/s41598-023-50529-y