Evidence map›Paper›PMID 30872896›Full record

ArticleJournal of risk and uncertainty2018

Boundedly rational expected utility theory.

Daniel Navarro-Martinez, Graham Loomes, Andrea Isoni, David Butler, Larbi Alaoui

Abstract read
PubMed Full text at PMC Publisher
In one paragraph

Article in Journal of risk and uncertainty, 2018. The graph could read no effect estimate from its abstract, so it casts no vote on the map. Cited by 4 papers.

0numbers the graph read from it
0cells of the map it votes in
4citing papers in PubMed
–field-weighted citation impact
1 · What the graph read from it

What it found

Each row is one number read from the abstract, on the scale the paper reported it, with its interval. Left of the dashed line favours the treatment, right favours the comparator. Under each row is the sentence it came from. New to these charts? A ten-minute tutorial.

The abstract states no effect estimate the extractor could read, or names no intervention and outcome on the map, so this paper lights no cell and moves no belief. It is still indexed, cited and linked below.

2 · The registry

The trial behind it

Trials whose registry record cites this paper, or whose number appears in the abstract. A trial that started after this paper was published is citing it as background, not reporting it.

Neither the registry nor the abstract names a trial number. If this is a trial report, that itself is worth knowing.

3 · Its place in the literature

Who cites it

4 citing papers in PubMed.

  1. Noise in Cognition: Bug or Feature?Perspectives on psychological science : a journal of the Association for Psychological Science · 2025
    Article
  2. Review
  3. Public Opinion Polarization by Individual Revenue from the Social Preference Theory.International journal of environmental research and public health · 2020
    Article
  4. Article
4 · The record

Corrections and comments

PubMed lists nothing against this paper. Absence here is not a guarantee, only a check that was made.

5 · Who and what money

Authors and funding

5 authors.

Daniel Navarro-Martinez1Department of Economics and Business, Pompeu Fabra University, Ramon Trias Fargas 25-27, 08005 Barcelona, Spain.
Graham Loomes3Warwick Business School, University of Warwick, Coventry, CV4 7AL UK.
Andrea Isoni3Warwick Business School, University of Warwick, Coventry, CV4 7AL UK.
David Butler5Department of Accounting, Finance and Economics, Griffith Business School, Griffith University, Gold Coast, QLD Australia.
Larbi Alaoui1Department of Economics and Business, Pompeu Fabra University, Ramon Trias Fargas 25-27, 08005 Barcelona, Spain.

Funding

No grant is acknowledged in the PubMed record.

6 · The paper itself

Abstract

We build a satisficing model of choice under risk which embeds Expected Utility Theory (EUT) into a boundedly rational deliberation process. The decision maker accumulates evidence for and against alternative options by repeatedly sampling from her underlying set of EU preferences until the evidence favouring one option satisfies her desired level of confidence. Despite its EUT core, the model produces patterns of behaviour that violate standard EUT axioms, while at the same time capturing systematic relationships between choice probabilities, response times and confidence judgments, which are beyond the scope of theories that do not take deliberation into account.

Indexed as

Bounded rationalityConfidenceDeliberationExpected utilityProbabilistic choiceResponse times

Identifiers

PMID30872896
PMCPMC6383980

What OpenQuestion holds

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LicenceCC BY
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Registered trials

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Read under generation 80e0d062 · epoch 390. Bibliography from PubMed, PubMed Central and OpenAlex; grants from NIH RePORTER; trial links from ClinicalTrials.gov; estimates, votes and beliefs from the OpenQuestion graph.