Construct · 1 fields · 1 citations

melioration: a standalone construct

One name. One construct. A landmark on the map.

● anchor · a standalone construct Nearest construct by meaning·not indexed
melioration1 CONSTRUCTMeliorationHERRNSTEIN · JUDGMENT AND

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Judgment and decision making

a choice rule that shifts behavior toward whichever alternative currently yields the higher local rate of return, which can lead to stable suboptimal choice.

In judgment and decision making, melioration refers to a choice rule that shifts behavior toward whichever alternative currently yields the higher local rate of return, which can lead to stable suboptimal choice. This meaning comes from Herrnstein (1991) in Journal of Economic Perspectives.[1]

Unit
Recovery means
Measured by

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Nearby constructs

judgment2 fields · 4 citationsjingle · one word, two constructsreturn3 fields · 3 citationsjingle · one word, three constructs

References

  1. Herrnstein, R. J., & Prelec, D. (1991). Melioration: A Theory of Distributed Choice. Journal of Economic Perspectives, 5(3), 137-156. https://doi.org/10.1257/jep.5.3.137

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