Glossary Terms Archive - Casino Cognition: Judgment & Decision Making in the Casino

near miss

The term “near miss” could be used in any domain where a particularly good (or bad) outcome has—or seems to have—almost occurred. Near misses are commonly pointed to in many casino games, but they are particularly relevant to slot machinesSlot machines, also known as a fruit machinesSlot machines, also known as a fruit machines (e.g., in the United Kingdom), pokies (e.g., in Australia), one-armed bandits, or simply slots, are games of... More (e.g., in the United Kingdom), pokies (e.g., in […]

normative, descriptive, and prescriptive decision theory

Will

Decision scientists often distinguish between normative and descriptive models of decision making, and less often add the additional distinction between normative and prescriptive modelsDecision scientists often distinguish between normative and descriptive models of decision making, and less often add the additional distinction between normative and prescriptive modelsDecision scientists often distinguish between normative and descriptive models of decision making, and less often add the additional distinction between normative and prescriptive models. Normative... More. Normative… More. Normative Models Normative models are models

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