Lecture 2 Flashcards

1
Q

Why is probability bad?

A
  • Leads to negative outcomes and negative utility
  • Can be uncertain
  • To avoid this, you must gather other information
  • Use cues for prediction
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2
Q

What is Brunswik’s lens model?

A
  • Paradigm where there is something in the world and you want to predict it
  • You then look for cues in the env that do a better/worse job to help predict what you need to.
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3
Q

How accurate/reliable are the cues?

A
  • Each cue is associated to a certain extent with the to-be-judged criterion
  • Association is causal
  • Poor cues have no association with the criterion e.g flipping a coin to determine the weather
  • Ecological Validity
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4
Q

What is the multiple cue probability learning tasks?

A
  • In the model, you can combine multiple cues
  • You need to figure out what the valid cues
  • Learning from outcome feedback - takes many trials & hypothesis testing
  • Easier if it is causal, and easier if learner can intervene and actively investigating or if you can intentionally manipulate it
  • e.g Given the cues and told to guess if its raining, and then told if it rained the next day, continuing with trial and error
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5
Q

How much information should we sample?

A
  • More is better but info is expensive through time/effort
  • Beyond a certain point additional info does not help make a decision through cues
  • Too much can result in satisficing through fatigue, bias and boredom
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6
Q

How do we see search for information?

A
  • Consider each option in turn - holistically
  • Search by attributes = allows easy elimination for things that fail 1+ criteria BUT does not work so well when there is conflict between attributes e.g high res but poor battery
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7
Q

What is cue utilisation?

A
  • How often do people use the cue to make the prediction
  • As people learn, cue utilisation is associated with cue validation
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8
Q

What are the compensatory strategies for combining cues?

A
  • Combine ALL info
  • Weights each cue
  • Creates a linear model: adding these weighted cues = optimised via multiple regression and not based on human weightings
  • Bootstrap models formalise the judge’s use of cues = consistent application of a judgement policy
  • Linear models outperform human experts
  • We bootstrap because we have good concepts of good cues, but we are not good at combining and weighting cues
  • Humans are inconsistent, machines are not, humans are good at identifying and assessing the cues but we are not good at integrating info
  • Humans gather info as we know what is important, but computers integrate it to inform a judgement
  • One cue can be compensated for by another - final prediction is a combo of all of them
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9
Q

What are the non-compensatory strategies for combining cues?

A
  • Not processing all cues into account
  • Use heuristics
  • Focusing on a subset of cues - following bounded rationality
  • Elimination by aspects
  • Take-the-best: pick one attribute and make decision based on that attribute: binary choice situations: based on recognition principle = when uncertain if you recognise one, you pick that one, AND Reference class of cues: where people search cues in descending order of feature validity until they find one that is different
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10
Q

Why has coherence linked to prototypicality?

A
  • Coherence means you do not violate laws of probability
  • EX: Dylan is a random man in Wales, what is more likely? He has three heart attacks or he has had three heart attacks and is over 55. One is more intuitive than other
  • More likely to label a man in his 50s as someone who will have a heart attack due to prototypicality and centrality (think about someone likely to have heart attack, and there is a central tendency)
  • Then you judge the probability to the one individual to the prototypical individual in your head
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11
Q

What is a Dutch book?

A
  • Exploitation when you have incoherent probabilities, you lose money and others gain utility from you
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12
Q

How do we organise correspondence with novel situations?

A
  • Correspondence is the extent of our judgements reflecting the properties of the world
  • With novel situations, there are no references to see rate of probability in world, thus correspondence
  • Could use history e.g Brexit and UKIP voters
  • Unique situations: lots of frequency tabulations across concepts that would bare on it but not sure which one is best or how to combine them
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13
Q

What is Bayes’ Theorem?

A
  • How to update a hypothesis In light of new data
  • Psych model that you should start with beliefs
  • P(h/D) = P(D/h)P(h)/P(D)
  • P(h/D) = posterior probability of h
  • P(h) = prior probability of h
  • P(D/h) = probability of observing D given that h holds
  • P(D) = probability of observing D
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14
Q

What is Base Rate Neglect?

A
  • Take a question we find it hard to work out the probability, we use another probability to replace that value
  • To the extent we have conditional info about something about a probability, we need more base rate info
  • Attribute substitution: easily accessible information is subbed for difficult to compute answers
  • Insight into problem structure helps presenting the problem in frequencies rather than probabilities
  • Conditional info overrides base information: as one becomes easier to estimate
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15
Q

What is the conjunction fallacy?

A
  • A conjunction cannot be more probable than either of its conjuncts
  • People make their probability judgements on the basis of representativeness
  • Gives information about a man, then asked people to rank traits of the man according to their likelihood
  • When one thing is more likely than another when it cannot be e.g P(accountant & jazz) < P(Jazz)
  • BUT probability can be interpreted non-mathematically through plausibility, credibility or typicality.
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16
Q

What is Disjunction Fallacy?

A
  • When people are asked questions about probabilities, people find it hard to answer
  • If you take a questions and disjunct it (chop in half and ask about components), you can overestimate the thing as a whole e.g. homicide or homicide as acquaintances and strangers
  • Mathematically, they should be equivalent = framing of question can cause overestimation
17
Q

What is Support Theory?

A
  • Support theory hinges on subjective judgements of probability are description dependent (framing), they derive from judgements of support (how strong the evidence is), and lead to subadditivity (disjunction probability).
  • The degree to which evidence SUPPORTS a conclusion is not the same as the likelihood that the conclusion is true given the evidence
  • Extent to which evidence supports the theory - amount of increase of belief in theory
18
Q

Representativeness as attribute substitution?

A
  • Easily accessible information is substituted for difficult to compute information e.g how similar to the prototype (To what extent does A resemble B? & how likely is it that A belongs/originates from B)
  • How similar is it to my centrality/prototypicality
  • Examples of representativeness include Gambler’s fallacy, stereotyping, Base rate neglect, misconceptions of chance
19
Q

Availability as a heuristic?

A
  • Instead of judging the probability of an event occurring, we are swayed by ease of retrieval of an instance or association
  • Does not involve actual recall, but an assessment of the ease of which the operations could be performed
  • Availability is ecologically valid ad frequent events are easier to recall than rare ones, but can be biased sometimes through media reports or stereotyping
  • Can be right e.g which city is bigger: Tulsa or Chicago?
20
Q

What are the heuristics and biases in decision making?

A
  • Errors of judgement are often systematic rather than random, manifesting bias rather than confusion
  • Reasons for biases are heuristics but heuristics tend to be very good, often easier than Bayes Theorem
21
Q

What are the key processes in making judgements?

A
  • Discover info: how do we know where to look
  • Acquiring and searching through information
  • Combining info
  • Feedback
22
Q

How to decide how to decide?

A

Trade-off between accuracy of a decision and the effort of making it

23
Q

Can we have too much choice?

A

Overabundance of options decrease motivation to choose and decrease satisfaction with the chosen option

24
Q

What is cascaded inference?

A

One makes a sequence of connected inferences