Universität zu Köln

Protte, Marius, Fahr, Rene and Quevedo, Daniel E. ORCID: 0000-0002-4804-5481 (2020). Behavioral Economics for Human-in-the-Loop Control Systems Design: Overconfidence and the Hot Hand Fallacy. IEEE Control Syst. Mag., 40 (6). S. 57 - 77. PISCATAWAY: IEEE-INST ELECTRICAL ELECTRONICS ENGINEERS INC. ISSN 1941-000X

Full text not available from this repository.

Abstract

This century brought interesting challenges and opportunities that derive from the way digital technology is shaping the lives of individuals and society as a whole. A key feature of many engineered systems is that they interact with humans. Rather than solely affecting humans, people often make decisions that affect the engineered system. As an example, when driving cars, people often decide to take a route that differs from that suggested by the navigation system. This information is fed back to the service provider and henceforth used when making route suggestions to other users. The analysis and design of such cyberphysical human systems (CPHSs) would benefit from an understanding of how humans behave. However, given their immense complexity, it is unclear how to formulate appropriate models for human decision makers, especially when operating in closed-loop systems (see Summary for an overview of this article).

Item Type:	Journal Article
Creators:	Creators Email ORCID ORCID Put Code Protte, Marius UNSPECIFIED UNSPECIFIED UNSPECIFIED Fahr, Rene UNSPECIFIED UNSPECIFIED UNSPECIFIED Quevedo, Daniel E. UNSPECIFIED orcid.org/0000-0002-4804-5481 UNSPECIFIED
URN:	urn:nbn:de:hbz:38-310331
DOI:	10.1109/MCS.2020.3019723
Journal or Publication Title:	IEEE Control Syst. Mag.
Volume:	40
Number:	6
Page Range:	S. 57 - 77
Date:	2020
Publisher:	IEEE-INST ELECTRICAL ELECTRONICS ENGINEERS INC
Place of Publication:	PISCATAWAY
ISSN:	1941-000X
Language:	English
Faculty:	Unspecified
Divisions:	Unspecified
Subjects:	no entry
Uncontrolled Keywords:	Keywords Language BASKETBALL MARKET BELIEVE; PREDICTIVE CONTROL; INFORMATION; RISK; RATIONALITY; PSYCHOLOGY; JUDGMENTS; INVESTORS; GAMBLERS; DECISION Multiple languages Automation & Control Systems Multiple languages
URI:	http://kups.ub.uni-koeln.de/id/eprint/31033