Problem 7 Flashcards
Extensionality
Logical consistency across decisions regardless of the manner in which available choices are presented is central to rational decision making
Framing effect
Human choices are sucebtible to the way in which objects are presented/framed
ex.: 75% lean meat is usually preferred over 25% fat meat, even though they are the same, just framed differently.
Martino et al investigated the neurobiological basis of the framing effect by means of fMRI.
Explain their financial decision-making task
Particpants recevied a message saying they would receive 50$
- Subjects had to choose between “sure” option vs “gamble option
- These 2 options were presented in 2 different frames
“sure” option
–> keep 20 out of 50 (Gain frame) vs lose 30 (Loss frame)
“gamble” option
–> 40% of winning vs 60% of losing
What was the result of martinis financial decision making task ?
Participants were
- Loss aversive in the Gain frame
- Risk seeking in the Loss frame
AND: participants seemed highly unaware of the biasing effect
It is hypothesized that the framing effect is driven by an affect heuristic that is underwritten by an emotional system.
How was this confirmed by the financial decision making task ?
There was significant activation in the bilateral amygdala when making decisions based on heuristics
–> thus plays a central role in mediating the frame effect
Imagine you usually take your car to work but today you decide to use the ferry.
Which brain part is activated when we make decisions that are different to our general behavioral tendencies. ?
The ACC
Decreased susceptibility to the framing effect and thus enhanced rationality in decision making is related to which brain region ?
Orbital + medial PFC
–> specifically right OFC + vmPFC
= OMPFC
Elaborate on the role of the amygdala in decision making.
- Value-related precision + learning both negative/positive outcomes
- Mediation of decision biases that come from value-related prediction
- Detection of emotionally relevant info present in contextual + social-emotional cues
AND now added: It processes the type of contextual positive or negative emotional info that is communicated by the frame
What is the role of the OMFC in decision making ?
- Incorporates inputs from the amygdala
- Represents the motivational value of stimuli
=> allows it to integrate + evaluate the incentive value of predicted outcomes to guide future behavior
Lesions to the OMPFC will lead to … ?
Impairments in decision making
–> inability to adapt behavioral strategies according to the consequences of decision
THUS: impulsivity
What is the primary contribution of the amygdala-vmPFC interactions according to Hampton et al ?
Computing expected reward values
–> once established, these are then used to generate behavioral decision
Behavioral choice
Whether to maintain current choices or switch choices
- -> 1. posterolateral OFC
2. Anterior insula
3. ACC
BUT: these signals are reduced in subjects with amygdala lesions
Computation of expected reward value
How much money one expects to earn or lose based on the choice one made
–> done by vmPFC
Value of the outcomes
Actual monetary gain or loss at the end of the decision making process
The production of signals in
- OFC
- ACC
that are related to behavioral choice directly rely on input from …. ?
Amygdala