A Preliminary Examination of the Learning Process in the Decision-Making Process

Abstract

In our laboratory, a mathematical model of the decision-making process was constructed and the individual differences of the process in gold trading were represented reasonably, and the learning process was indicated as the convergence of model parameters. However, the learning process in decision-making process has not been identified using a mathematical as far as authors know. Thus, in this research, the learning process was examined using the already constructed model which consist of proposal, integrator, and derivative elements and compared the individual differences in decision-making between in gold trading game and in forex trading game. According to the results, the learning process of all players were represented reasonably. Also, the individual differences in learning process were represented so clearly that the difference of difficulty in learning was grasped between in gold trading and forex trading.