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Related Concept Videos

Decision Making01:20

Decision Making

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Decision-making is a fundamental cognitive process that involves evaluating alternatives and selecting among them. This process can range from simple choices, such as deciding what to wear, to complex decisions, like choosing a major in college or a career path. The complexity of the decision often dictates the approach we use, which can be broadly categorized into two types: automatic and controlled decision-making.
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The human brain processes information for decision-making using one of two routes: an intuitive system and a rational system (Epstein, 1994; popularized by Kahneman, 2011 as System 1 and System 2, respectively). The intuitive system is quick, impulsive, and operates with minimal effort, relying on emotions or habits to provide cues for what to do next, while the rational system is logical, analytical, deliberate, and methodical. Research in neuropsychology suggests that the...
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The process of hypothesis testing based on the traditional method includes calculating the critical value, testing the value of the test statistic using the sample data, and interpreting these values.
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In order to make good decisions, we use our knowledge and our reasoning. Often, this knowledge and reasoning is sound and solid. However, sometimes, we are swayed by biases or by others manipulating a situation. For example, let’s say you and three friends wanted to rent a house and had a combined target budget of $1,600. The realtor shows you only very run-down houses for $1,600 and then shows you a very nice house for $2,000. Might you ask each person to pay more in rent to get the...
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The Availability Heuristic01:08

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A heuristic is a general problem-solving framework (Tversky & Kahneman, 1974). You can think of these as mental shortcuts that are used to solve problems. Different types of heuristics are used in different types of situations, and the impulse to use a heuristic occurs when one of five conditions is met (Pratkanis, 1989):
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Decision Making: P-value Method01:09

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The process of hypothesis testing based on the P-value method includes calculating the P- value using the sample data and interpreting it.
First, a specific claim about the population parameter is proposed. The claim is based on the research question and is stated in a simple form. Further, an opposing statement to the claim  is also stated. These statements can act as null and alternative hypotheses:  a null hypothesis would be a neutral statement while the alternative hypothesis can...
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Action repetition biases choice in context-dependent decision-making.

Ben J Wagner1,2, H Benedikt Wolf3, Stefan J Kiebel3,4

  • 1Chair of Cognitive Computational Neuroscience, Faculty of Psychology, TU Dresden, Germany. ben.jonathan.wagner@gmail.com.

Communications Psychology
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Summary
This summary is machine-generated.

Decision biases in humans may stem from repeating context-specific actions. A new model combining reward learning and action repetition explains these biases effectively, outperforming other computational models.

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Area of Science:

  • Cognitive Science
  • Neuroscience
  • Behavioral Economics

Background:

  • Decision biases make human behavior appear irrational.
  • Context-dependent choices are influenced by past experiences.
  • Existing computational models often need extensive environmental data.

Purpose of the Study:

  • To test if decision biases are driven by context-specific action repetition.
  • To develop and validate a computational model explaining these biases.

Main Methods:

  • Conducted nine value-based decision-making tasks with 351 participants.
  • Reanalyzed six prior datasets involving 350 participants.
  • Developed a hierarchical Bayesian reinforcement learning model incorporating reward learning and action repetition.

Main Results:

  • Increased within-context action repetition correlated with biased choices, including higher subjective valuation and lower uncertainty.
  • The proposed model successfully explained biased choices in stable environments.
  • Model comparison indicated superior performance over value normalization and goal-centric accounts.

Conclusions:

  • Action repetition is a key driver of decision biases.
  • A parsimonious model combining reward learning and action repetition sufficiently explains these biases.
  • Findings offer insights into habit-like choice tendencies in decision-making.