Paper Info
Title
Dynamic Integration of Value Information into a Common Probability Currency as a Theory for Flexible Decision Making
Abstract
Decisions involve two fundamental problems, selecting goals and generating actions to pursue those goals. While simple decisions involve choosing a goal and pursuing it, humans evolved to survive in hostile dynamic environments where goal availability and value can change with time and previous actions, entangling goal decisions with action selection. Recent studies suggest the brain generates concurrent action-plans for competing goals, using online information to bias the competition until a single goal is pursued. This creates a challenging problem of integrating information across diverse types, including both the dynamic value of the goal and the costs of action. We model the computations underlying dynamic decision-making with disparate value types, using the probability of getting the highest pay-off with the least effort as a common currency that supports goal competition. This framework predicts many aspects of decision behavior that have eluded a common explanation.
Year
DOI
Venue
2015
10.1371/journal.pcbi.1004402
PLOS COMPUTATIONAL BIOLOGY
Field
DocType
Volume
Biology,Goal orientation,Risk analysis (engineering),Probability distribution,Decision theory,Bioinformatics,Action selection,Management science,Currency
Journal
11
Issue
ISSN
Citations 
9
1553-7358
2
PageRank 
References 
Authors
0.45
6
2
Name
Order
Citations
PageRank
Vassilios N. Christopoulos1354.51
Paul R. Schrater214122.71