Decision Making Flashcards
Learn about what part of the brain is involved in decision making and other general information about the phenomenon.
What happens to satisfaction when there are more choices?
MORE choices leads to LESS satisfaction. 6 choices led to more purchases(less % interested) versus 24 choices (more % interested, less purchases).
What is decision making?
How do the many factors of our lives affect the decisions we make? EG. Environment, Finance, Psychology, etc.
What is involved in decision making?
Between two choices/options there is the external (quantity, commodity, delay, risk, ambiguity, cost), and the internal (motivation, patience/interest, risk attitude, ambiguity attitude) which leads to the integration and comparison of the options and ultimately the choice.
What is homo economicus?
Economic human: rational and follows Utility Function.
What is homo sapiens?
Irrational and does not follow utility function.
What is utility maximization?
Choose option with greatest expected value. How the question is framed can affect decision making.
What is the expected value formula?
Expected value = (probability of a particular outcome) x (utility of the outcome)
What are some clinical applications of decision making?
Adolescence, Schizophrenia, Addiction, Dementia, Psychopathology
What are the brain structures involved in Decision making?
Prefrontal Cortex, Orbitofrontal Prefrontal cortex, anterior cingulate cortex, ventral medial cortex, DA reward system, nulceus accumbens, Substantia Nigra, Amygdala, Limbic System, Striatum
What makes us different?
Prefrontal cortex connects to almost all cortical and subcortical areas.
- Humans have increased white matter.
- Cognitive abilities due to brain connections.
What does the prefrontal cortex do?
Responsible for the executive functions of the brain. EG. Focus attention, planning, weighing consequences.
Describe the anatomy of the Orbitofrontal cortex.
Ventral region of frontal lobe. Susceptible to brain damage. Connects to nucleus accumbens, limbic system, and ans.
What are the functions of the OFC?
Sensory integration, expectations, decision making, and adaptive learning.
What happens when the OFC is damaged?
Cognitive abilities still intact(memory, reading/writing), but other drastic life changes take place.
What is stimulus reward learning?
Unique to OFC, looks at ability to swtich stimulus-reward associations.