---
res:
  bibo_abstract:
  - "Successful design of human-in-the-loop control sys- tems requires appropriate
    models for human decision makers. Whilst most paradigms adopted in the control
    systems literature hide the (limited) decision capability of humans, in behavioral
    economics individual decision making and optimization processes are well-known
    to be affected by perceptual and behavioral biases. Our goal is to enrich control
    engineering with some insights from behavioral economics research through exposing
    such biases in control-relevant settings.\r\nThis paper addresses the following
    two key questions:\r\n1) How do behavioral biases affect decision making?\r\n2)
    What is the role played by feedback in human-in-the-loop control systems?\r\nOur
    experimental framework shows how individuals behave when faced with the task of
    piloting an UAV under risk and uncertainty, paralleling a real-world decision-making
    scenario. Our findings support the notion of humans in Cyberphysical Systems underlying
    behavioral biases regardless of – or even because of – receiving immediate outcome
    feedback. We observe substantial shares of drone controllers to act inefficiently
    through either flying excessively (overconfident) or overly conservatively (underconfident).
    Furthermore, we observe human-controllers to self-servingly misinterpret random
    sequences through being subject to a “hot hand fallacy”. We advise control engineers
    to mind the human component in order not to compromise technological accomplishments
    through human issues.@eng"
  bibo_authorlist:
  - foaf_Person:
      foaf_givenName: Marius
      foaf_name: Protte, Marius
      foaf_surname: Protte
      foaf_workInfoHomepage: http://www.librecat.org/personId=44549
  - foaf_Person:
      foaf_givenName: René
      foaf_name: Fahr, René
      foaf_surname: Fahr
      foaf_workInfoHomepage: http://www.librecat.org/personId=111
  - foaf_Person:
      foaf_givenName: Daniel E.
      foaf_name: Quevedo, Daniel E.
      foaf_surname: Quevedo
  bibo_doi: 10.1109/MCS.2020.3019723
  bibo_issue: '6'
  bibo_volume: 40
  dct_date: 2020^xs_gYear
  dct_language: eng
  dct_publisher: IEEE@
  dct_title: 'Behavioral Economics for Human-in-the-loop Control Systems Design: Overconfidence
    and the hot hand fallacy@'
...