Over- and Underweighting of Extreme Values in Decisions From Sequential Samples

Publikation: Beitrag in FachzeitschriftForschungsartikelBeigetragenBegutachtung

Beitragende

  • Verena Clarmann von Clarenau - , Max Planck Institute for Human Development, Max Planck UCL Centre for Computational Psychiatry and Aging Research, Humboldt-Universität zu Berlin (Autor:in)
  • Stefan Appelhoff - , Max Planck Institute for Human Development (Autor:in)
  • Thorsten Pachur - , Max Planck Institute for Human Development, Max Planck UCL Centre for Computational Psychiatry and Aging Research, Technische Universität München (Autor:in)
  • Bernhard Spitzer - , Max Planck Institute for Human Development, Max Planck UCL Centre for Computational Psychiatry and Aging Research (Autor:in)

Abstract

People routinely make decisions based on samples of numerical values. A common conclusion from the literature in psychophysics and behavioral economics is that observers subjectively compress magnitudes, such that extreme values have less sway over people’s decisions than prescribed by a normative model (underweighting). However, recent studies have reported evidence for anti-compression, that is, the relative overweighting of extreme values. Here, we investigate potential reasons for this discrepancy in findings and propose that it might reflect adaptive responses to different task requirements. We performed a large-scale study (n = 586) of sequential numerical integration, manipulating (a) the task requirement (averaging a single stream or comparing two interleaved streams of numbers), (b) the distribution of sample values (uniform or Gaussian), and (c) their range (1–9 or 100–900). The data showed compression of subjective values in the averaging task, but anticompression in the comparison task. This pattern held for both distribution types and for both ranges. In model simulations, we show that either compression or anticompression can be beneficial for noisy observers, depending on the sample-level processing demands imposed by the task. This suggests that the empirically observed patterns of over- and underweighting might reflect adaptive responses.

Details

OriginalspracheEnglisch
Seiten (von - bis)814-826
Seitenumfang13
FachzeitschriftJournal of Experimental Psychology: General
Jahrgang153
Ausgabenummer3
PublikationsstatusVeröffentlicht - März 2024
Peer-Review-StatusJa
Extern publiziertJa

Externe IDs

PubMed 38271014
ORCID /0000-0001-9752-932X/work/182336634

Schlagworte

Schlagwörter

  • adaptive cognition, computational modeling, decision making, numerical cognition