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  1. An experiment on case-based decision making.Brit Grosskopf, Rajiv Sarin & Elizabeth Watson - 2015 - Theory and Decision 79 (4):639-666.
    We experimentally investigate the disposition of decision makers to use case-based reasoning as suggested by Hume and formalized by case-based decision theory. Our subjects face a monopoly decision problem about which they have very limited information. Information is presented in a manner which makes similarity judgements according to the feature matching model of Tversky plausible. We provide subjects a “history” of cases. In the 2×2\documentclass[12pt]{minimal} \usepackage{amsmath} \usepackage{wasysym} \usepackage{amsfonts} \usepackage{amssymb} \usepackage{amsbsy} \usepackage{mathrsfs} \usepackage{upgreek} \setlength{\oddsidemargin}{-69pt} \begin{document}$$2\times 2$$\end{document} between-subject design, we vary whether information (...)
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  • Predicting human cooperation in the Prisoner’s Dilemma using case-based decision theory.Todd Guilfoos & Andreas Duus Pape - 2016 - Theory and Decision 80 (1):1-32.
    In this paper, we show that Case-based decision theory, proposed by Gilboa and Schmeidler :605–639, 1995), can explain the aggregate dynamics of cooperation in the repeated Prisoner’s Dilemma, as observed in the experiments performed by Camera and Casari. Moreover, we find CBDT provides a better fit to the dynamics of cooperation than does the existing Probit model, which is the first time such a result has been found. We also find that humans aspire to a payoff above the mutual defection (...)
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