Study on Search Behavior of an Extended Secretary Problem
We study sequential search behavior in a generalized secretary problem in which a single object is to be selected from a set of n alternatives. By nature, Alternatives are inspected in a random order, one at a time, and only the rank order of the current alternative relative to the ones that have already been observed can be ascertained. The goal of decision-maker (DM) was maximizing the probability of targeting the best and some post studies indicated DM often under-search in the observation. We compared the real search with the optimal search through controlled laboratory experiment. The results indicated that DM often over-search, not under-search, in repeated selecting context. In other words, DM often gets less gain with more pay on search. The behavioral decision rule that we propose provides possible account for the observed pattern of the behavioral regularities.
Decision-making Search Behavior Sequential Choice Model Information Processing Over Search
WNG Yuan QIN Jun-chang ZHANG Tong XU Yi-feng
School of management, Xian JiaoTong University, Xian, China School of management, Xian Polytechni School of management, Xian Polytechnic University, Xian, China
国际会议
北京
英文
391-393
2010-08-08（万方平台首次上网日期，不代表论文的发表时间）