Information acquisition and decision strategies in intertemporal choice

IF 3 2区 心理学 Q1 PSYCHOLOGY
Lisheng He , Daniel Wall , Crystal Reeck , Sudeep Bhatia
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引用次数: 1

Abstract

Intertemporal decision models describe choices between outcomes with different delays. While these models mainly focus on predicting choices, they make implicit assumptions about how people acquire and process information. A link between information processing and choice model predictions is necessary for a complete mechanistic account of decision making. We establish this link by fitting 18 intertemporal choice models to experimental datasets with both choice and information acquisition data. First, we show that choice models have highly correlated fits: people that behave according to one model also behave according to other models that make similar information processing assumptions. Second, we develop and fit an attention model to information acquisition data. Critically, the attention model parameters predict which type of intertemporal choice models best describes a participant’s choices. Overall, our results relate attentional processes to models of intertemporal choice, providing a stepping stone towards a complete mechanistic account of intertemporal decision making.

跨期选择中的信息获取与决策策略
时间间决策模型描述了在具有不同延迟的结果之间的选择。虽然这些模型主要侧重于预测选择,但它们对人们如何获取和处理信息做出了隐含的假设。信息处理和选择模型预测之间的联系对于决策的完整机制描述是必要的。我们通过将18个跨期选择模型拟合到具有选择和信息获取数据的实验数据集来建立这种联系。首先,我们证明了选择模型具有高度相关的拟合:根据一个模型行事的人也根据做出类似信息处理假设的其他模型行事。其次,我们开发了一个注意力模型,并将其拟合到信息获取数据中。至关重要的是,注意力模型参数预测哪种类型的跨期选择模型最能描述参与者的选择。总的来说,我们的研究结果将注意力过程与跨期选择模型联系起来,为跨期决策的完整机制解释提供了垫脚石。
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来源期刊
Cognitive Psychology
Cognitive Psychology 医学-心理学
CiteScore
5.40
自引率
3.80%
发文量
29
审稿时长
50 days
期刊介绍: Cognitive Psychology is concerned with advances in the study of attention, memory, language processing, perception, problem solving, and thinking. Cognitive Psychology specializes in extensive articles that have a major impact on cognitive theory and provide new theoretical advances. Research Areas include: • Artificial intelligence • Developmental psychology • Linguistics • Neurophysiology • Social psychology.
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