Cognitive Workload and Fatigue in Financial Decision Making
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Beschreibung
This book presents new theory and empirical studies on the roles of cognitive workload and fatigue on repeated financial decisions. The mathematical models that are developed here utilize the cusp catastrophe function for discontinuous changes in performance and integrate objective measures of workload, subjective experiences, and individual differences among the decision makers. Additional nonlinear dynamical processes are examined with regard to persistence and antipersistence in decisions, entropy, explanations of overall performance, and the identification of risk-optimization profiles for long sequences of decisions.
This book presents new theory and empirical studies on the roles of cognitive workload and fatigue on repeated financial decisions. The mathematical models that are developed here utilize two cusp catastrophe functions for discontinuous changes in performance and integrate objective measures of workload, subjective experiences, and individual differences among the decision makers. Additional nonlinear dynamical processes are examined with regard to persistence and antipersistence in decisions, entropy, further explanations of overall performance, and the identification of risk-optimization profiles for long sequences of decisions.
Integrates perspectives from psychology, economics, and nonlinear dynamical systems theory Explains and predicts sudden performance losses and gains Explores individual differences for a better person–job fit in stressful situations
Autor*in
Stephen J. Guastello
Themen in »Cognitive Workload and Fatigue in Financial Decision Making«
Cognitive fatigue Cognitive workload Cusp catastrophe Decision theory Nonlinear dynamics finance