Exact(6)
One well-known class of such process are Markov chains, which produce a discrete sequence of outcomes with the property that the value of an outcome is dependent on the value of the immediately prior outcome (but that immediately prior outcome screens off the rest of the history).
When we introduced a forced sale intervention that is designed to close the mental account for a prior outcome, Americans showed greater adaptation toward the new price than their Asian counterparts.
Risk adjustment, overall betting, and decision latencies in active-choice trials were calculated trials after a win and after a loss separately, and analyzed using a 2 (prior outcome) × 3 (group) mixed-model ANOVA.
γ is, therefore, expected to be higher when information about probabilities and outcomes are ambiguous or not readily available, or when a very severe negative prior outcome is recalled [ 2, 32, 33].
The main analytic methodology for the primary outcomes, GLMMs via maximum likelihood estimation, implicitly accommodates missingness when it is due either to treatment, to prior outcome, or to other baseline covariates included in the model, defined as 'missing at random' [ 53].
We performed a binomial logistic regression to assess the effect on choice (for gamble or safe option) of the following factors: gamble value, safe value, accumulated daily reward, prior outcome (better or worse than predicted for the gamble and as predicted for the safe option), and position on the screen.
Similar(54)
Ignoring prior outcomes, no overall changes in risk-taking were observed.
Indeed, the literature suggests that prior outcomes often play a critical role in the plausibility of a "selection on observed variables" identification strategy.
There is no way of predicting a genuinely random sequence in advance because no random sequence can be effectively produced, yet every predictable sequence of outcomes can (intuitively) be generated by specifying the way in which future outcomes can be predicted on the basis of prior outcomes.
Another participant invariably chose "25" in 100% of the trials throughout the two experimental sessions, thus failing to show any attempt to modulate his behavior based on prior outcomes.
Retreatment with the same new drug/regimen represents a suitable choice when prior outcomes have been satisfactory.
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