Predicting Human Expectations
The invention is a model of human expectations and judgments respectively. When you show some humans the probabilities of some constituent facts and you ask them for the probability of a certain pattern of logical connected facts (e.g. 'fact 1 AND fact 2'), then human judgement often cannot be explained with classical extensional probability theory. This fact is well known as conjunction fallacy. The inventor gives a model of human judgments, validates it by experiments and gives a computer implementation. The economial relevance of this matter is clearly shown by honoring the respective work of the psychologist D. Kahneman with the Nobel Prize in Economics in 2002. Fields of use are everywhere you need knowledge on human judgments, for example in market research and promotion, equity trading or in information technology in view of search tools or man-machine interfaces.
Further Information: PDF
MBM ScienceBridge GmbH
Phone: (0551) 30724-151
Contact
Dr. Jens-Peter Horst
Media Contact
All latest news from the category: Technology Offerings
Newest articles
Trotting robots reveal emergence of animal gait transitions
A four-legged robot trained with machine learning by EPFL researchers has learned to avoid falls by spontaneously switching between walking, trotting, and pronking – a milestone for roboticists as well…
Innovation promises to prevent power pole-top fires
Engineers in Australia have found a new way to make power-pole insulators resistant to fire and electrical sparking, promising to prevent dangerous pole-top fires and reduce blackouts. Pole-top fires pose…
Possible alternative to antibiotics produced by bacteria
Antibacterial substance from staphylococci discovered with new mechanism of action against natural competitors. Many bacteria produce substances to gain an advantage over competitors in their highly competitive natural environment. Researchers…