title: "Models" date: "10/2022"
The following models for decision making under risk, categorization, preferential choices, and learning are implemented:
Model | Usage | Reference | Function
------------ | ------------- | -------------| -------------
Generalized context | Classification learning and inferences | (Medin & Schaffer, 1976; Nosofsky, 1986) | ?ebm
Memory preference | Forecasting consumer preferences | (Jarecki & Rieskamp, 2022) | ?mem
Shortfall | Decision making about risks | (Andraszewicz, 2014) | ?shortfall
Optimal risk-sensitive foraging | Decision making about risk with goals| (Houston & McNamara, 1988) | ?hm1988
Cumulative prospect | Decision making under risks | (Kahneman & Tversky, 1979; Tversky & Kahneman, 1992) | ?cpt
Bayesian cognitive | Information learning with prior information | (Hoffart, Jarecki, Duthil, & Rieskamp, 2022) | ?bayes
Power utility | Economic utility and preferences | (Tversky, 1967; Wakker, 2008)| ?utility
Soft-max | Probabilistic action selection | (Sutton & Barto, 1998) | ?softmax
Arg-max | Deterministic action selection | | ?argmax
Epsilon-greedy | Constant-error action selection| | ?epsilon
A baseline model | Random decisions | | ?baseline
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