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
Sea slugs inspire highly stretchable biomedical sensor
USC Viterbi School of Engineering researcher Hangbo Zhao presents findings on highly stretchable and customizable microneedles for application in fields including neuroscience, tissue engineering, and wearable bioelectronics. The revolution in…
Twisting and binding matter waves with photons in a cavity
Precisely measuring the energy states of individual atoms has been a historical challenge for physicists due to atomic recoil. When an atom interacts with a photon, the atom “recoils” in…
Nanotubes, nanoparticles, and antibodies detect tiny amounts of fentanyl
New sensor is six orders of magnitude more sensitive than the next best thing. A research team at Pitt led by Alexander Star, a chemistry professor in the Kenneth P. Dietrich…