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The role of episodic memory sampling in evaluation.

Alice Mason1,2, Gordon D A Brown3, Geoff Ward4

  • 1University of Bath, Bath, UK. am4921@bath.ac.uk.

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|November 29, 2023
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People's choices are influenced by more than just recalled memories. Evaluations of options consider information beyond what is explicitly remembered, challenging recall-based models of decision-making.

Keywords:
Episodic memoryFree recallJudgmentRetrospective evaluationSampling

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Area of Science:

  • Cognitive Psychology
  • Neuroscience
  • Behavioral Economics

Background:

  • Decision-making models often assume choices are based on retrieved memories of past experiences.
  • Understanding the precise role of memory recall in evaluating options is crucial for refining these models.

Purpose of the Study:

  • To investigate whether recalled past experiences directly underpin the evaluation of options.
  • To determine if memory recall is sufficient to predict sequence evaluations.

Main Methods:

  • Participants recalled numerical values from presented sequences and indicated willingness to pay for another draw.
  • Bayesian mixed effects modeling was used to predict sequence evaluations based on recalled vs. seen values.

Main Results:

  • Sequence evaluations were sensitive to information beyond explicitly recalled values.
  • No consistent evidence was found that memory for specific recalled items sufficiently predicts sequence evaluation.

Conclusions:

  • Recalled memory alone may not be the sole determinant of option evaluation.
  • Findings suggest that decision-making processes incorporate information beyond explicit recall, necessitating alternative explanations for sampling models.