20 results match your criteria: "Max Wertheimer Minerva Center for Cognitive Studies[Affiliation]"

Background: Previous studies reported that autistic adolescents and adults tend to exhibit extensive choice switching in repeated experiential tasks. However, a recent meta-analysis showed that this switching effect was non-significant across studies. Furthermore, the relevant psychological mechanisms remain unclear.

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The effect of methylphenidate and mixed amphetamine salts on cognitive reflection: a field study.

Psychopharmacology (Berl)

February 2022

Max Wertheimer Minerva Center for Cognitive Studies, Technion-Israel Institute of Technology, 3200003, Haifa, Israel.

Rationale: Methylphenidate (MPH) and mixed D,L-amphetamine salts (MASs; Adderall) were previously found to have unreliable effects on judgment and decision processes.

Objective: We predicted that MPH and MASs have a specific effect of reducing heuristic responses, which should lead to increased performance on the cognitive reflection test (CRT). The CRT is considered to be a testbed for heuristic versus deliberative response modes.

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Rationale: Over-the-counter drugs containing Hypericum perforatum (H. perforatum) have been argued to improve memory and sustained attention. So far, these claims have not been supported in human studies.

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The majority of the literature on the psychology of gains and losses suggests that losses lead to an avoidance response. Several studies, however, have shown that losses can also lead to an approach response, whereby an option is selected more often when it produces losses. In five studies we examine the boundary conditions for these contradictory approach and avoidance effects.

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Acceptable losses: the debatable origins of loss aversion.

Psychol Res

October 2019

Max Wertheimer Minerva Center for Cognitive Studies, Faculty of Industrial Engineering and Management, Technion, Israel Institute of Technology, 3200003, Haifa, Israel.

It is often claimed that negative events carry a larger weight than positive events. Loss aversion is the manifestation of this argument in monetary outcomes. In this review, we examine early studies of the utility function of gains and losses, and in particular the original evidence for loss aversion reported by Kahneman and Tversky (Econometrica  47:263-291, 1979).

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On the relation between economic bubbles and effort gaps between sellers and buyers: An experimental study.

PLoS One

January 2018

Max Wertheimer Minerva Center for Cognitive Studies, Faculty of Industrial Engineering and Management, Technion - Israel Institute of Technology, Haifa, Israel.

Economic bubbles are an empirical puzzle because they do not readily fit the notion of an efficient market. We argue that bubbles are associated with a conflict and a gap in the allocation of effort during negotiation by sellers and buyers. We examined 21 experimental asset markets where in one condition players could buy and sell and in the other they could either buy or sell.

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Experimental studies of choice behavior document distinct, and sometimes contradictory, deviations from maximization. For example, people tend to overweight rare events in 1-shot decisions under risk, and to exhibit the opposite bias when they rely on past experience. The common explanations of these results assume that the contradicting anomalies reflect situation-specific processes that involve the weighting of subjective values and the use of simple heuristics.

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Learning in settings with partial feedback and the wavy recency effect of rare events.

Cogn Psychol

March 2017

Max Wertheimer Minerva Center for Cognitive Studies, Faculty of Industrial Engineering and Management, Technion, Israel; Warwick Business School, Warwick University, UK.

Analyses of human learning reveal a discrepancy between the long- and the short-term effects of outcomes on subsequent choice. The long-term effect is simple: favorable outcomes increase the choice rate of an alternative whereas unfavorable outcomes decrease it. The short-term effects are more complex.

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Many behavioral phenomena, including underweighting of rare events and probability matching, can be the product of a tendency to rely on small samples of experiences. Why would small samples be used, and which experiences are likely to be included in these samples? Previous studies suggest that a cognitively efficient reliance on the most recent experiences can be very effective. We explore a very different and more cognitively demanding process explaining the tendency to rely on small samples: exploitation of environmental regularities.

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While the traditional conceptualization of the effect of losses focuses on bias in the subjective weight of losses compared with respective gains, some accounts suggest more global task-related effects of losses. Based on a recent attentional theory, we predicted a positive after-effect of losses on choice switching in later tasks. In two experimental studies, we found increased choice switching rates in tasks with losses compared to tasks with no losses.

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Contrasting losses and gains increases the predictability of behavior by frontal EEG asymmetry.

Front Behav Neurosci

May 2014

Max Wertheimer Minerva Center for Cognitive Studies, Faculty of Industrial Engineering and Management, Technion - Israel Institute of Technology Haifa, Israel.

Frontal asymmetry measured at rest using EEG is considered a stable marker of approach-avoidance behaviors and risk taking. We examined whether without salient cues of attention in the form of losses, predictability is reduced. Fifty-seven participants performed an experiential decision task in a gain-only, loss-only, and mixed (gains and losses) condition.

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Methylphenidate enhances cognitive performance in adults with poor baseline capacities regardless of attention-deficit/hyperactivity disorder diagnosis.

J Clin Psychopharmacol

April 2014

From the *Max Wertheimer Minerva Center for Cognitive Studies, Technion-Israel Institute of Technology, Haifa; and †Shalvata Mental Health Center, Hod-Hasharon, Israel; Tel-Aviv University, Ramat-Aviv, Israel.

We compare the view that the effect of methylphenidate (MPH) is selective to individuals with attention-deficit/hyperactivity disorder (ADHD) with an alternative approach suggesting that its effect is more prominent for individuals with weak baseline capacities in relevant cognitive tasks. To evaluate theses 2 approaches, we administered sustained attention, working memory, and decision-making tasks to 20 ADHD adults and 19 control subjects, using a within-subject placebo-controlled design. The results demonstrated no main effects of MPH in the decision-making tasks.

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Loss-aversion or loss-attention: the impact of losses on cognitive performance.

Cogn Psychol

March 2013

Max Wertheimer Minerva Center for Cognitive Studies, Faculty of Industrial Engineering and Management, Technion - Israel Institute of Technology, Haifa 32000, Israel.

Losses were found to improve cognitive performance, and this has been commonly explained by increased weighting of losses compared to gains (i.e., loss aversion).

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Previous research highlights four distinct contributors to the experience-description gap (the observation that people exhibit oversensitivity to rare events in decisions from description and the opposite bias in decisions from experience). These contributors include the nature of small samples, the mere presentation effect, the belief that the environment is dynamic, and overgeneralization from decisions based on estimated risks. This chapter reviews this research and highlights the role of a fifth contributor to the experience-description gap.

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Losses as modulators of attention: review and analysis of the unique effects of losses over gains.

Psychol Bull

March 2013

Max Wertheimer Minerva Center for Cognitive Studies, Faculty of Industrial Engineering and Management, Technion-Israel Institute of Technology, Haifa, Israel.

It has been shown that in certain situations losses exert a stronger effect on behavior than respective gains, and this has been commonly explained by the argument that losses are given more weight in people's decisions than respective gains. However, although much is understood about the effect of losses on cognitive processes and behavior, 2 major inconsistencies remain. First, recent empirical evidence fails to demonstrate that people avoid incentive structures that carry equivalent gains and losses.

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Recency gets larger as lesions move from anterior to posterior locations within the ventromedial prefrontal cortex.

Behav Brain Res

November 2010

Max Wertheimer Minerva Center for Cognitive Studies, Faculty of Industrial Engineering and Management, Technion - Israel Institute of Technology, Haifa 32000, Israel.

In the past two decades neuroimaging research has substantiated the important role of the prefrontal cortex (PFC) in decision-making. In the current study, we use the complementary lesion based approach to deepen our knowledge concerning the specific cognitive mechanisms modulated by prefrontal activity. Specifically, we assessed the brain substrates implicated in two decision making dimensions in a sample of prefrontal cortex patients: (a) the tendency to differently weigh recent compared to past experience; and (b) the tendency to differently weigh gains compared to losses.

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Decision making in bipolar disorder: a cognitive modeling approach.

Psychiatry Res

November 2008

Max Wertheimer Minerva Center for Cognitive Studies, Faculty of Industrial Engineering and Management, Technion - Israel Institute of Technology, Haifa 32000, Israel.

A formal modeling approach was used to characterize decision-making processes in bipolar disorder. Decision making was examined in 28 bipolar patients (14 acute and 14 remitted) and 25 controls using the Iowa Gambling Task (Bechara et al., 1994), a decision-making task used for assessing cognitive impulsivity.

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Risk attitude in small timesaving decisions.

J Exp Psychol Appl

September 2006

Max Wertheimer Minerva Center for Cognitive Studies, Behavioral Sciences, Faculty of Industrial Engineering and Management, Technion-Israel Institute of Technology, Haifa, Israel.

Four experiments are presented that explore situations in which a decision maker has to rely on personal experience in an attempt to minimize delays. Experiment 1 shows that risk-attitude in these timesaving decisions is similar to risk-attitude in money-related decisions from experience: A risky prospect is more attractive than a safer prospect with the same expected value only when it leads to a better outcome most of the time. Experiment 2 highlights a boundary condition: It suggests that a difficulty in ranking the relevant delays moves behavior toward random choice.

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