---
_id: '21369'
abstract:
- lang: eng
  text: "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."
author:
- first_name: Marius
  full_name: Protte, Marius
  id: '44549'
  last_name: Protte
- first_name: René
  full_name: Fahr, René
  id: '111'
  last_name: Fahr
- first_name: Daniel E.
  full_name: Quevedo, Daniel E.
  last_name: Quevedo
citation:
  ama: 'Protte M, Fahr R, Quevedo DE. Behavioral Economics for Human-in-the-loop Control
    Systems Design: Overconfidence and the hot hand fallacy. <i>IEEE Control Systems
    Magazine</i>. 2020;40(6):57-76. doi:<a href="https://doi.org/10.1109/MCS.2020.3019723">10.1109/MCS.2020.3019723</a>'
  apa: 'Protte, M., Fahr, R., &#38; Quevedo, D. E. (2020). Behavioral Economics for
    Human-in-the-loop Control Systems Design: Overconfidence and the hot hand fallacy.
    <i>IEEE Control Systems Magazine</i>, <i>40</i>(6), 57–76. <a href="https://doi.org/10.1109/MCS.2020.3019723">https://doi.org/10.1109/MCS.2020.3019723</a>'
  bibtex: '@article{Protte_Fahr_Quevedo_2020, title={Behavioral Economics for Human-in-the-loop
    Control Systems Design: Overconfidence and the hot hand fallacy}, volume={40},
    DOI={<a href="https://doi.org/10.1109/MCS.2020.3019723">10.1109/MCS.2020.3019723</a>},
    number={6}, journal={IEEE Control Systems Magazine}, publisher={IEEE}, author={Protte,
    Marius and Fahr, René and Quevedo, Daniel E.}, year={2020}, pages={57–76} }'
  chicago: 'Protte, Marius, René Fahr, and Daniel E. Quevedo. “Behavioral Economics
    for Human-in-the-Loop Control Systems Design: Overconfidence and the Hot Hand
    Fallacy.” <i>IEEE Control Systems Magazine</i> 40, no. 6 (2020): 57–76. <a href="https://doi.org/10.1109/MCS.2020.3019723">https://doi.org/10.1109/MCS.2020.3019723</a>.'
  ieee: 'M. Protte, R. Fahr, and D. E. Quevedo, “Behavioral Economics for Human-in-the-loop
    Control Systems Design: Overconfidence and the hot hand fallacy,” <i>IEEE Control
    Systems Magazine</i>, vol. 40, no. 6, pp. 57–76, 2020, doi: <a href="https://doi.org/10.1109/MCS.2020.3019723">10.1109/MCS.2020.3019723</a>.'
  mla: 'Protte, Marius, et al. “Behavioral Economics for Human-in-the-Loop Control
    Systems Design: Overconfidence and the Hot Hand Fallacy.” <i>IEEE Control Systems
    Magazine</i>, vol. 40, no. 6, IEEE, 2020, pp. 57–76, doi:<a href="https://doi.org/10.1109/MCS.2020.3019723">10.1109/MCS.2020.3019723</a>.'
  short: M. Protte, R. Fahr, D.E. Quevedo, IEEE Control Systems Magazine 40 (2020)
    57–76.
date_created: 2021-03-03T14:20:10Z
date_updated: 2023-10-23T10:38:19Z
ddc:
- '620'
- '330'
department:
- _id: '179'
doi: 10.1109/MCS.2020.3019723
file:
- access_level: closed
  content_type: application/pdf
  creator: mprotte
  date_created: 2021-03-03T14:21:50Z
  date_updated: 2021-03-03T14:21:50Z
  file_id: '21370'
  file_name: Protte_Fahr_Quevedo.pdf
  file_size: 1501292
  relation: main_file
  success: 1
file_date_updated: 2021-03-03T14:21:50Z
has_accepted_license: '1'
intvolume: '        40'
issue: '6'
language:
- iso: eng
page: 57 - 76
publication: IEEE Control Systems Magazine
publication_status: published
publisher: IEEE
status: public
title: 'Behavioral Economics for Human-in-the-loop Control Systems Design: Overconfidence
  and the hot hand fallacy'
type: journal_article
user_id: '44549'
volume: 40
year: '2020'
...