Representation Effects and Loss Aversion in Analytical Behaviour: An Experimental Study into Decision Making Facilitated by Visual Analytics

This paper presents the results of an experiment into the relationship between the representation of data and decision-making. Three hundred participants online, were asked to choose between a series of financial investment opportunities using data presented in line charts. A single dependent variable of investment choice was examined over four levels of varying display conditions and randomised data. Three variations to line chart visualisations provided a controlled factor between subjects divided into three groups; -˜standard’ line charts, -˜tall’ line charts, and one dual-series line chart. The final results revealed a consistent main effect and two other interactions between certain display conditions and decision-making. The findings of this paper are significant to the study visualisation and to the field of visual analytics. This experiment was devised as part of a study into Analytical Behaviour, defined as decision-making facilitated by visual analytics - a new topic that encompasses existing research and real-world applications

Big data and the SP theory of intelligence

This article is about how the "SP theory of intelligence" and its realisation in the "SP machine" may, with advantage, be applied to the management and analysis of big data. The SP system -- introduced in the article and fully described elsewhere -- may help to overcome the problem of variety in big data: it has potential as "a universal framework for the representation and processing of diverse kinds of knowledge" (UFK), helping to reduce the diversity of formalisms and formats for knowledge and the different ways in which they are processed. It has strengths in the unsupervised learning or discovery of structure in data, in pattern recognition, in the parsing and production of natural language, in several kinds of reasoning, and more. It lends itself to the analysis of streaming data, helping to overcome the problem of velocity in big data. Central in the workings of the system is lossless compression of information: making big data smaller and reducing problems of storage and management. There is potential for substantial economies in the transmission of data, for big cuts in the use of energy in computing, for faster processing, and for smaller and lighter computers. The system provides a handle on the problem of veracity in big data, with potential to assist in the management of errors and uncertainties in data. It lends itself to the visualisation of knowledge structures and inferential processes. A high-parallel, open-source version of the SP machine would provide a means for researchers everywhere to explore what can be done with the system and to create new versions of it.Comment: Accepted for publication in IEEE Acces

Method maximizing the spread of influence in directed signed weighted graphs

We propose a new method for maximizing the spread of influence, based on the identification of significant factors of the total energy of a control system. The model of a socio-economic system can be represented in the form of cognitive maps that are directed signed weighted graphs with cause-and-effect relationships and cycles. Identification and selection of target factors and effective control factors of a system is carried out as a solution to the optimal control problem. The influences are determined by the solution to optimization problem of maximizing the objective function, leading to matrix symmetrization. The gear-ratio symmetrization is based on computing the similarity extent of fan-beam structures of the influence spread of vertices v_i and v_j to all other vertices. This approach provides the real computational domain and correctness of solving the optimal control problem. In addition, it does not impose requirements for graphs to be ordering relationships, to have a matrix of special type or to fulfill stability conditions. In this paper, determination of new metrics of vertices, indicating and estimating the extent and the ability to effectively control, are likewise offered. Additionally, we provide experimental results over real cognitive models in support

Natural language understanding: instructions for (Present and Future) use

In this paper I look at Natural Language Understanding, an area of Natural Language Processing aimed at making sense of text, through the lens of a visionary future: what do we expect a machine should be able to understand? and what are the key dimensions that require the attention of researchers to make this dream come true

DEVELOPMENT OF THE INTELLIGENT GRAPHS FOR EVERYDAY RISKY DECISIONS TUTOR

Simple graphical visual aids have now been shown to be among the most effective means of quickly improving people’s ability to evaluate and understand risks (i.e., risk literacy), particularly for diverse and vulnerable groups (e.g., older adults, less educated, less numerate, minority and immigrant samples). Although well-developed theory and standards for user-friendly graph design exist, guidelines are often violated by designers faced with constraints like conflicts of interest (e.g., persuasion and marketing vs. informed decision making). Even when information is presented in well-designed graphs, many people struggle with appropriate data interpretation. Can basic computerized graph literacy training improve essential graph and risk evaluation skills? To begin to answer this question, I conducted three studies that developed and validated psychometric tests of three component graph literacy skills, namely (1) graph type knowledge, (2) selecting appropriate graphs, and (3) knowledge of graph distortions. I then developed a computerized graph literacy training platform and conducted a mixed-factorial experiment investigating a wide-range of training effects. Results indicate that even in a sample of tech savvy college students one hour of basic computerized training can dramatically improve graph literacy (Cohen’s d = 1.10). Results also provide some of the first evidence that graph literacy training can improve general decision making skills that involve spatial or visualization-relevant processing, such as resistance to sunk costs, framing effects, and class-inclusion illusions. Discussion focuses on practical and theoretical implications, including usability modeling that should inform continuing development of the RiskLiteracy.org Decision Making Skills Training Program