Welcome to the decisions from experience website!

On this website, we collect the latest news, resources and literature concerning research on experience-based decisions.

Decisions from experience are choices that are based on previous encounters with one’s options as opposed to decisions from description that are based on summary descriptions detailing all possible outcomes and their respective likelihoods of each option. Several papers have found a description-experience gap, that is, a difference between choices based on the two information formats. There is an ongoing debate concerning the reason for this gap. This website will document the development of the debate and hopefully further its advance.

Currently, the website is administered by Renato Frey. If you have any news for this site, do not hesitate to contact us. Thanks!

News

2012-02-07

Literature Update
We've added new articles to the literature section. Please let us know if we've missed any important articles.

2010-04-13

ScienceNews: Gambling on Experience
Bruce Bower published an article on experienced based decision making in the current issue of ScienceNews.

2010-02-01

JBDM Special Issue on Decisions from Experience Out
The Journal of Behavioral Decision Making has released a special issue on decisions from experience.

2008-09-02

And the winners are...
Ido Erev, Eyal Ert, and Alvin Roth have announced the winners of the Technion Prediction Contest.

In the description Condition: Ernan Haruvy
In the Experience - Sampling Condition: Stefan Herzog, Robin Hau, & Ralph Hertwig
In the Experience - Repeated Condition: Terry Stewart, Robert West and Christian Liebre
CONGRATULATIONS!

You can find details about the winning models, the runners-up and much more information here:
The Technion Prediction Contest: Results and Winners

2008-06-12

NYT Freakonomics Blog
Decisions from Experience keep on reaching mainstream media. The Freakonomics Blog of the New York Times quotes Greg Barron on the topic of using experience or what they call information (i.e. descriptions) to form opinions.
> Part I
> Part II