Linear models in decision making

Psychological Bulletin 81 (2):95-106 (1974)
  Copy   BIBTEX

Abstract

A review of the literature indicates that linear models are frequently used in situations in which decisions are made on the basis of multiple codable inputs. These models are sometimes used normatively to aid the decision maker, as a contrast with the decision maker in the clinical vs statistical controversy, to represent the decision maker "paramorphically" and to "bootstrap" the decision maker by replacing him with his representation. Examination of the contexts in which linear models have been successfully employed indicates that the contexts have the following structural characteristics in common: each input variable has a conditionally monotone relationship with the output; there is error of measurement; and deviations from optimal weighting do not make much practical difference. These characteristics ensure the success of linear models, which are so appropriate in such contexts that random linear models may perform quite well. 4 examples involving the prediction of such codable output variables as GPA and psychiatric diagnosis are analyzed in detail. In all 4 examples, random linear models yield predictions that are superior to those of human judges

Links

PhilArchive



    Upload a copy of this work     Papers currently archived: 91,853

External links

Setup an account with your affiliations in order to access resources via your University's proxy server

Through your library

Similar books and articles

Taking stock of naturalistic decision making.Raanan Lipshitz, Gary Klein, Judith Orasanu & Eduardo Salas - 2001 - Journal of Behavioral Decision Making 14 (5):331-352.
A Test of the Principle of Optimality.John D. Hey & Enrica Carbone - 2001 - Theory and Decision 50 (3):263-281.
Physician-patient relations: No more models.Greg Clarke, Robert T. Hall & Greg Rosencrance - 2004 - American Journal of Bioethics 4 (2):16 – 19.
A dynamical model of risky choice.Marieke M. J. W. van Rooij, Luis H. Favela, MaryLauren Malone & Michael J. Richardson - 2013 - Proceedings of the 35th Annual Conference of the Cognitive Science Society 35:1510-1515.

Analytics

Added to PP
2016-05-26

Downloads
127 (#143,135)

6 months
20 (#130,544)

Historical graph of downloads
How can I increase my downloads?