Extrapolative Beliefs in Perceptual and Economic Decisions: Evidence of a Common Mechanism
结合计算模型与实验范式,发现人们在感知和经济决策中均表现出外推信念,且单一计算模型能解释两种任务中的信念形成,个体差异也跨任务相关。
A critical component of both economic and perceptual decision making under uncertainty is the belief-formation process. However, most research has studied belief formation in economic and perceptual decision making in isolation. One reason for this separate treatment may be the assumption that there are distinct psychological mechanisms that underlie belief formation in economic and perceptual decisions. An alternative theory is that there exists a common mechanism that governs belief formation in both domains. Here, we test this alternative theory by combining a novel computational modeling technique with two well-known experimental paradigms. We estimate a drift-diffusion model (DDM) and provide an analytical method to decode prior beliefs from DDM parameters. Subjects in our experiment exhibit strong extrapolative beliefs in both paradigms. In line with the common mechanism hypothesis, we find that a single computational model explains belief formation in both tasks and that individual differences in belief formation are correlated across tasks. Data, as supplemental material, are available at http://dx.doi.org/10.1287/mnsc.2016.2453 . This paper was accepted by Yuval Rottenstreich, judgment and decision making.