English (United Kingdom)

https://curated-unify.zendy.io/wp-json/zendy-region/v1/featured_content/oa?rat=en

https://curated-unify.zendy.io/wp-json/zendy-region/v1/highlighted_journal/

Global: Zendy Plus annual

Presents the access of premium content as premium feature

Premium Content

Presents the keyphrase highlighting as premium feature

Keyphrase Highlighting

Presents the summarisation as premium feature

Summarisation

Insights

Presents the pdf analysis as premium feature

PDF Analysis

Presents the zaia usage as premium feature

ZAIA

Global: Zendy Tools annual

Global: Zendy Free Plan

Global: Zendy Tools monthly

Global: Zendy Plus monthly

SYNPOSIS. The analysis of risk-sensitive foraging is beginning to explore the psychological and cognitive mechanisms involved in decision-making under uncertainty as well as the more traditional functional analysis. Over the past 40 years cognitive psychologists exploring human decision-mak- ing have made great use of apparent "paradoxes" in rational choice be- havior in elucidating aspects of information-processing. In this paper I review several of these paradoxes as they might relate to animal decision- making and the interpretation of cognitive architecture. The St. Petersburg Paradox can be related directly to the original analysis of risk-sensitive foraging by focusing on the non-linear translation of resources into cur- rencies of evolutionary value, e.g., rate of energy gain. The Allais Paradox focuses on the need to evaluate the organism's perception of probabilities and possible non-linearities in the assignment of likelihood. Various con- text-effects illustrate the potential difficulties associated with decision- making over options with multiple attributes. Where possible I illustrate the biological evaluation of the paradoxes discussed.

Paradox, Performance, and the Architecture of Decision-Making in Animals