Advanced Decision Making Flashcards
what is executive control?
flexibly interact with the world and plan your behaviour in various contexts
* incl inhibiting and initiating behaviours themselves and appropriately following rules in given contexts
what brain region is responsible for executive control?
pre-frontal cortex
what happens if there’s damage in the pre-frontal cortex?
usually deficits to cognitive flexibility
-> issues with general problem solving behaviour
how are motor skills usually referred to as? (Bernstein, 1996).
ability to solve a motor problem correctly, quickly, rationally and resourcefully”
-> we will be looking at the aspect of rationality
what are many motor deficits and syndromes often associated with
cognitive problems
-> if you have a deficit in cerebrum or cerebral cortex, motor deficits are often accompanied by cognitive deficits *incl damage directly to the upper and lower motor neurone
motor acts are not carried out in isolation to what?
cognitive mechanisms
what is an example of a tough decision?
- Mount Everest -> 300+ recorded deaths on the mountain
-> above 8000 feet in the air can no longer support life
what are deaths on Mount Everest usually from?
- Avalanche/Ice collapse.
- Exposure.
- Falls.
- Hypoxia/altitude sickness.
- Exhaustion.
- Cerebral oedemas.
- Strokes/cardiac arrests.
^ Most bodies are still on the mountain.
- Strokes/cardiac arrests.
what is the tragic example of Francis Arsentiev (1998)?
had no oxygen-> chose to climb with no equipment
* other climbers had to make the difficult decision of helping her or not, with a difficult decision of their own life being affected
when making a decision in context to free will, Libet (1985) establishes 3 criteria, what are these?
- it arises endogenously, not in direct response to an external stimulus or cue
- There are no externally imposed restrictions or compulsions not being told to do something that directly or immediately control subjects’ initiation and performance of the act;
- Most important, subjects feel introspectively that they are performing the act on their own initiative and that they are free to start or not start the act as they wish need to introspectively feel like you’ve made a decision.
^but you may not have any conscious guiding skill and might be a decision you make in the moment
when making a decision, what are the three conditions?
- At least two possible choices *could include two alternative force choice
- Expectations can be predicted about the outcomes *need to have an idea of the outcome i.e. what will the behaviour change -> need to make a value outcome about the decision
- Value of outcome can be assessed *know that something will happen as a consequence to you
^ we need to enact executive control (and apply previous knowledge) but also: cognitive processing involving memory, reward, rules to be enacted and so on.
what is normative theories?
Normative = an evaluative standard
- Concerned with optimal decision making.
- Normative accounts can almost be thought of as the ideal decision -> like we should do in the face of probability *if we understood parameters of a given decision with a perfect clarify (best optimal decision you could make on the basis of parameters)
- For example: based on the concept of probability and expected value (e.g. odds of rolling a dice).
- We build up concepts of probability and expected values.
Based on experiences, how can you use normative accounts?
you can take expected values and probability understanding, mapping out the two in principle to normative accounts and make a decision
However, what is the issue with normative accounts?
- expected values has limitations
- Biases become more obvious when risks are increased.
- Russian roulette and dice rolling have the same probability…
- This brings in notion of utility which reflects psychological rather than economic values.
- When people make decisions, there are certain psychological modifers that take place and that can bias your decision i.e. risk
If stakes are a lot more risky -> concept of utility *psychological value we apply to something by our mind (sometimes called expected utility)
when the overall value increases, and you might lose more, what option do you go for?
go for the safe option
what is expected utility
(objective vs. subjective value)
* what it’s worth to you
brain alters economic information into a value which applies to you
how do we tend to make decisions?
based on our expected utility rather than value
what is the rationality theory of expected utility?
we want to maximise our expected utility
what does expected utility help us to do?
distinguish between objective measures and subjective components in our brain -> probability between two options, converts economic information into a value which applies to you
what is the relationship of expected utility like?
NOT linear -> understood about how people appreciate financial gain and value
what do we tend to find when utility (arbitrary unit) momentary value increases?
utility (varies among people -> individual component) begins to equal out (i.e. $90 to 100 has less value than $0 to 10)
whereas there is a significant increase in utility when the price is low
what do parameters in our brains do?
assign a rational decision based on subjective value to us
* but if we were purely rational then people would all make the same decisions -> we sometimes make irrational decisions
what is the problem with utility theory explaining human behaviour?
normative models do not always represent real world behaviours -> people do not make rational decisions and there are psychological modifications that occur which affected your decisions
what are some examples of normative models (like utility theory) not explaining individual’s behaviour
i.e. * people will pay to avoid risk (insurance) but will also buy lottery tickets (more than expected value)
* gamblers believe in lucky streaks
* might go for low probability, high reward situations i.e. lottery
how does expected utility work as a theory?
Cost ($) and Expected Utility (more individual components that represents the value you assign this as an individual)
-> what we assign into the terms of value of something
-> parameters are just assigned a rational decision based on it’s subject value to us
what do issues with utility theory lead to the concept of?
Prospect Theory (by Tsursky and Carnman)
what is the concept of prospect theory?
logical aspects of decision-making and parameters are available, yet we still make decisions that have nothing to do with expected utility
what does prospect theory predict?
what people will do, not what they should -> explore human decision making and see where it generalises:
1. reference dependence
2. probability weighting
reference dependence
People make decisions based on anticipated gains and losses compared to their current state –> why we can make decisions in different context