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Summary

Decision-making algorithms that integrate evidence to a boundary offer speed but reduce confidence accuracy. Computational modeling and experiments reveal a trade-off between decision speed and metacognitive accuracy.

Keywords:
computational modelsdecision confidencedecision-makingdiffusion modelintegration to boundaryjudgmentmetacognitionoptimalitypreregisteredreaction time

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Area of Science:

  • Cognitive Science
  • Computational Neuroscience
  • Decision Science

Background:

  • Integration to boundary is an optimal decision algorithm for rapid choices.
  • This strategy may impact metacognitive accuracy, the ability to assess one's own confidence.

Purpose of the Study:

  • To investigate the trade-off between decision speed and metacognitive accuracy.
  • To compare the effects of different evidence integration strategies on metacognitive accuracy.

Main Methods:

  • Computational modeling of evidence integration strategies (fixed boundary, collapsing boundary, random timer).
  • Three cross-domain experiments with 102 university students in free-response and interrogation sessions.
  • Analysis of choice and confidence reports following evidence observation.

Main Results:

  • Integration to a fixed boundary reduces metacognitive accuracy due to less evidence integration variability.
  • An interrogation protocol, preventing integration to boundary, enhanced metacognitive accuracy.
  • Participants in free-response sessions used a collapsing boundary strategy, balancing choice and metacognitive accuracy.

Conclusions:

  • The integration to boundary decision strategy creates a trade-off between speed and metacognitive accuracy.
  • Collapsing boundary strategies offer a compromise, optimizing both decision accuracy and confidence.
  • Understanding these strategies is crucial for designing effective decision-making systems.