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Testing Optimal Timing in Value-Linked Decision Making

机译:测试的最佳时机Value-Linked决定使

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Influential theories of the decision making process hold that a choice is made once the cumulative weight of noisily sampled information reaches a desired level. While these theories were originally motivated as optimal solutions to statistical problems, the extent to which people optimally spend time deliberating is less well explored. I conduct an experimental test of optimality in a setting where the speed of information processing reflects the difference in value between options. In this case, spending a long time without having arrived at a conclusion signals both that the problem is hard and that the options are similar in value, so the confidence level required to trigger a decision should decline over time. I find that a recently developed theory of the optimal time-varying threshold improves model fit by accurately predicting observed truncation of response time tails. Principles of optimality may thus help account for patterns of choice and response time that characterize the process of deliberation.
机译:影响决策的理论认为选择一旦过程累计重量的地采样信息达到预期的水平。最初的动机是最优解统计的问题,人的程度最优花时间考虑不太好探索。的环境下最优的速度信息处理反映出的差异值之间的选择。长时间没有到达一个结论这个问题很难,信号期权价值是相似的,所以置信水平需要触发一个决定随着时间的推移应该下降。开发最优时变理论合适的阈值提高了模型准确截断预测观察到的响应时间尾巴。模式的选择和响应时间,深思熟虑的过程。

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