We consider a prospect theoretic version of the classical Q-learning algorithm for discounted reward Markov decision processes, wherein controller perceives distorted and noisy future reward, modeled by nonlinearity that accentuates gains under-represents losses relative to reference point. analyze asymptotic behavior scheme analyzing its limiting differential equation using theory monotone dyn...

Levy and Levy (2002, 2004) develop the Prospect and Markowitz stochastic dominance theory with S-shaped and reverse S-shaped utility functions for investors. In this paper, we extend Levy and Levy’s Prospect Stochastic Dominance theory (PSD) and Markowitz Stochastic Dominance theory (MSD) to the first three orders and link the corresponding S-shaped and reverse S-shaped utility functions to the...

Research is reviewed demonstrating perceptual narrowing across a variety of domains. Research is also reviewed showing that the temporal window of perceptual narrowing can be extended and, in some cases, perceptual narrowing can be reversed. Research is also reviewed highlighting the neurophysiological correlates of perceptual narrowing as well as some of the individual neurophysiological diffe...

Why should a jobbing psychiatrist be interested in a medical education textbook? Simply put, it is that we have shifted from an era of ‘See one, do one, teach one’ to one where an evidence base is available for education, not just for treatments. This is particularly the case for medical education, where the need to evidence pedagogic practice for regulators has been a priority for many years a...