Models implemented in the package
The following models for decision making under risk, categorization, preferential choices, and learning are implemented:
| Model | Usage | Reference | Function |
|---|---|---|---|
| Generalized context | Classification learning and inferences | (Medin & Schaffer, 1976; Nosofsky, 1986) | ?ebm |
| Memory preference | Forecasting consumer preferences | (Jarecki & Rieskamp, 2022) | ?mem |
| Shortfall | Decision making about risks | (Andraszewicz, 2014) | ?shortfall |
| Optimal risk-sensitive foraging | Decision making about risk with goals | (Houston & McNamara, 1988) | ?hm1988 |
| Cumulative prospect | Decision making under risks | (Kahneman & Tversky, 1979; Tversky & Kahneman, 1992) | ?cpt |
| Bayesian cognitive | Information learning with prior information | (Hoffart, Jarecki, Duthil, & Rieskamp, 2022) | ?bayes |
| Power utility | Economic utility and preferences | (Tversky, 1967; Wakker, 2008) | ?utility |
| Soft-max | Probabilistic action selection | (Sutton & Barto, 1998) | ?softmax |
| Arg-max | Deterministic action selection | ?argmax |
|
| Epsilon-greedy | Constant-error action selection | ?epsilon |
|
| A baseline model | Random decisions | ?baseline |