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Updated: Jul 31, 2025

Measuring the Subjective Value of Risky and Ambiguous Options using Experimental Economics and Functional MRI Methods
Published on: September 19, 2012
Hierarchical Bayesian narrative-making under variable uncertainty
Alex Jinich-Diamant1,2, Leonardo Christov-Moore2,3
1Department of Anesthesiology, Department of Cognitive Science, University of California San Diego, La Jolla, CA 92093-0515, USAaljinich@ucsd.edu.
Abstract:
While Conviction Narrative Theory correctly criticizes utility-based accounts of decision-making, it unfairly reduces probabilistic models to point estimates and treats affect and narrative as mechanistically opaque yet explanatorily sufficient modules. Hierarchically nested Bayesian accounts offer a mechanistically explicit and parsimonious alternative incorporating affect into a single biologically plausible precision-weighted mechanism that tunes decision-making toward narrative versus sensory dependence under varying uncertainty levels.
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