Decision-making and Choice Behaviour Systems Flashcards
What is a decision?
A deliberative process that results in the comittment to a categorical proposition.
What are the elements of a simple decision?
Lecture 12, slide 3
What is signal detection theory?
Lecture 12, slide 4-6
What is sequential analysis?
Lecture 12, slide 7
What is the difficulty in finding neural correlates of perceptual decisions?
Lecture 12, slide 8
How may perceptual/simple decision making be implemented in the brain? What studies have shown this?
Lecture 12, slide 9-10
What is neuro-economics?
Lecture 12, slide 11
What are some additional elements of higher-order value-based decision-making?
Lecture 12, slide 12
What is expected value?
Expected value of a choice can have multiple economic choice decision variables that contribute to the valuation of the choice, such as expected gain/payoff, probability of gain, cost and even abstract variables such a beauty. These value variables have been shown to modulate neuronal activity in different brain areas.
What brain areas have a role in encoding the expected value of choices? What studies have shown this?
Lecture 12, slide 15-17
What is subjective value?
Subjective value is the value the individual assigns to a choice/object in an economic choice decision. It is dependent on subjective preferences.
What brain area has a role in encoding the subjective value of choices? What studies have shown this?
Lecture 12, slide 20-23
What is cost-benefit analysis/decision-making?
During decision making, cost and benefits are weighed up. Potential costs and rewards influence decision making.
What brain areas have a role in cost-benefit decision-making? What studies have shown this?
Lecture 12, slide 25
Which brain areas have a role in making uncertain or risky decision? What studies have shown this?
Lecture 12, slide 28-31
-Decisions may have uncertain or risky outcomes.