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"Switching" between fast and slow processes is just reward-based branching
1Department of Veterans Affairs, Coatesville, PA, USA ga@picoeconomics.orgwww.picoeconomics.org.
Goal-seeking shortcuts like heuristics and habits are chosen based on past rewards and failures. The speed of these shortcuts blends with deliberate decision-making, lacking clear distinctions.
Area of Science:
- Cognitive Science
- Decision-Making Science
- Behavioral Economics
Background:
- Goal-directed behavior often involves trade-offs between speed and accuracy.
- Heuristics, habits, and instincts are common cognitive shortcuts.
- Understanding the selection criteria for these shortcuts is crucial for explaining choice behavior.
Purpose of the Study:
- To investigate the role of reward history in selecting cognitive shortcuts.
- To determine if distinct categories of shortcuts exist or if they represent a continuum.
- To analyze the relationship between shortcut speed and deliberation speed.
Main Methods:
- The study likely involved computational modeling or behavioral experiments analyzing choice data.
- Reward history and failure rates were probably key variables tracked.
- Analysis focused on the speed of various goal-attainment strategies.
Main Results:
- Selection of shortcuts (heuristics, habits, instincts) is significantly influenced by reward history.
- Faster goal attainment and punishment for failure shape shortcut preference.
- The speeds of shortcuts and deliberate choices exist on a continuum with no clear separation.
Conclusions:
- Cognitive shortcuts are not discrete categories but exist on a spectrum of speed.
- Reward history is a unifying factor in the selection of diverse goal-seeking strategies.
- The distinction between intuitive and deliberate processing may be less clear than previously thought.
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