Hyperbolic value addition and general models of animal choice.
Abstract
Three mathematical models of choice--the contextual-choice model (R. Grace, 1994), delay-reduction theory (N. Squires & E. Fantino, 1971), and a new model called the hyperbolic value-added model--were compared in their ability to predict the results from a wide variety of experiments with animal subjects. When supplied with 2 or 3 free parameters, all 3 models made fairly accurate predictions for a large set of experiments that used concurrent-chain procedures. One advantage of the hyperbolic value-added model is that it is derived from a simpler model that makes accurate predictions for many experiments using discrete-trial adjusting-delay procedures. Some results favor the hyperbolic value-added model and delay-reduction theory over the contextual-choice model, but more data are needed from choice situations for which the models make distinctly different predictions.
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Cite CoChat for the checks on this page, and the paper for its own findings.
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- Mazur, J. E. (2001). Hyperbolic value addition and general models of animal choice. Psychological Review. https://doi.org/10.1037//0033-295x.108.1.96
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