Probability matching

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Probability matching is a suboptimal decision strategy in which predictions of class membership are proportional to the class base rates. Thus, if in the training set positive examples are observed 60% of the time, and negative examples are observed 40% of the time, then the observer using a probability-matching strategy will predict (for unlabeled examples) a class label of "positive" on 60% of instances, and a class label of "negative" on 40% of instances.

The optimal Bayesian decision strategy (to maximize the number of correct predictions, see Duda, Hart & Stork (2001)) in such a case is to always predict "positive" (i.e., predict the majority category in the absence of other information), which has 60% chance of winning rather than matching which has 52% of winning (where p is the probability of positive realization, the result of matching would be p^2+(1-p)^2, here .6 \times .6+ .4 \times .4). The suboptimal probability-matching strategy is of psychological interest because it is frequently employed by human subjects in decision and classification studies.

References[edit]

  • Shanks, D. R., Tunney, R. J., & McCarthy, J. D. (2002). A re‐examination of probability matching and rational choice. Journal of Behavioral Decision Making, 15(3), 233-250.