2016
DOI: 10.3758/s13423-016-1135-1
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People adopt optimal policies in simple decision-making, after practice and guidance

Abstract: Organisms making repeated simple decisions are faced with a tradeoff between urgent and cautious strategies. While animals can adopt a statistically optimal policy for this tradeoff, findings about human decision-makers have been mixed. Some studies have shown that people can optimize this "speed-accuracy tradeoff", while others have identified a systematic bias towards excessive caution. These issues have driven theoretical development and spurred debate about the nature of human decision-making. We investiga… Show more

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Cited by 76 publications
(142 citation statements)
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“…However, it has not been established whether humans attempt to maximize their reward rate by adopting collapsing thresholds in such circumstances, and our Experiment 1 suggests that they do not. This result is consistent with previous work on reward rate optimality which has demonstrated that humans fail to adopt optimal decision-making policies in many ways (Evans & Brown, 2017;Starns & Ratcli↵, 2012, though see for a task-design explanation). Almost every participant (55 out of 57) in our Experiment 1 had a reward rate that was lower than the best possible reward rate under a single fixed threshold (see the supplementary materials for more details).…”
Section: Discussionsupporting
confidence: 91%
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“…However, it has not been established whether humans attempt to maximize their reward rate by adopting collapsing thresholds in such circumstances, and our Experiment 1 suggests that they do not. This result is consistent with previous work on reward rate optimality which has demonstrated that humans fail to adopt optimal decision-making policies in many ways (Evans & Brown, 2017;Starns & Ratcli↵, 2012, though see for a task-design explanation). Almost every participant (55 out of 57) in our Experiment 1 had a reward rate that was lower than the best possible reward rate under a single fixed threshold (see the supplementary materials for more details).…”
Section: Discussionsupporting
confidence: 91%
“…Task and procedure. Participants made decisions about apparent motion in random dot kinematograms (Roitman & Shadlen, 2002;Evans & Brown, 2017), which is a standard task in decision-making studies. Our stimuli used the white-noise algorithm (Pilly & Seitz, 2009) with 40 white dots on a black background.…”
Section: Methodsmentioning
confidence: 99%
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“…The most commonly applied cognitive models for disentangling the effects of caution, processing speed, and motor speed are evidence accumulation models of simple decision‐making (Evans & Brown, ; Evans, Hawkins, Boehm, Wagenmakers, & Brown, ; Evans et al., ; Ratcliff, Thapar, & McKoon, ). These models posit that decision‐making is the result of evidence accumulating in favor of each response alternative until a threshold amount is reached for one of the alternatives, at which time a response is triggered.…”
Section: Introductionmentioning
confidence: 99%
“…For the main analyses, we excluded the first 21 blocks of trials from Experiment 1, which we based on previous studies (Evans & Brown, 2017;Evans, Bennett, & Brown, 2018). In those studies, participants took approximately 15 blocks to stabilize on a single strategy when given reward rate feedback.…”
Section: Stability Of Performance Over Blocksmentioning
confidence: 99%