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:English
Published: Public Library of Science (PLoS) 2011-01-01
Series:PLoS Computational Biology
Online Access:https://www.ncbi.nlm.nih.gov/pmc/articles/pmid/21283774/pdf/?tool=EBI