<p><b>a–c</b>: Each panel shows an example of how different models of stochasticity in the representation of the posterior distribution, and therefore in the computation of the expected loss, may affect decision making in a trial. In all cases, the observer chooses the subjectively optimal target (blue arrow) that minimizes the expected loss (purple line; see Eq. 4) given his or her current representation of the posterior (black lines or bars). The original posterior distribution is showed in panels b–f for comparison (shaded line). <b>a</b>: Original posterior distribution. <b>b</b>: Noisy posterior: the original posterior is corrupted by random multiplicative or Poisson-like noise (in this example, the noise has caused the observer to ai...
textabstractThe posterior distribution of a small-scale illustrative econometric model is used to co...
(A) mortality salience, (B) reversed cards, (C) both manipulations. Red distribution is the prior pr...
<p>A) The population weighted index of uncertainty is calculated as in [<a href="http://www.plosntds...
<p>Each panel shows the marginal posterior distributions over a single parameter for each subject an...
<p>To ease visualisation, all panels show the exponential of the thresholds; <i>ϕ</i><sub><i>s</i></...
The PUC model describes how an agent maps noisy measurements of value to a decision variable. Top: F...
Fig 11 shows the posterior distribution for the experimental data set, based on an acceptance rate o...
<p>Each panel shows mean decision sample as a function of the number of choices for a range of pdfs ...
<p>(left) The three no-switch blocks, and (right) the three switch blocks. Colored circles denote th...
<p>We tested a class of alternative models of decision making which differ with respect to predictio...
<p>The four ellipses in each plot correspond to the covariances of four different estimates of the s...
<p>Each panel shows the pooled subjects' responses as a function of the position of the cue either f...
In Bayesian decision theory, the performance of an action is measured by its pos- terior expected lo...
<div><p>Humans have been shown to combine noisy sensory information with previous experience (priors...
<p>(A) Posterior density of the decision state with mean (coloured lines) and two times standard dev...
textabstractThe posterior distribution of a small-scale illustrative econometric model is used to co...
(A) mortality salience, (B) reversed cards, (C) both manipulations. Red distribution is the prior pr...
<p>A) The population weighted index of uncertainty is calculated as in [<a href="http://www.plosntds...
<p>Each panel shows the marginal posterior distributions over a single parameter for each subject an...
<p>To ease visualisation, all panels show the exponential of the thresholds; <i>ϕ</i><sub><i>s</i></...
The PUC model describes how an agent maps noisy measurements of value to a decision variable. Top: F...
Fig 11 shows the posterior distribution for the experimental data set, based on an acceptance rate o...
<p>Each panel shows mean decision sample as a function of the number of choices for a range of pdfs ...
<p>(left) The three no-switch blocks, and (right) the three switch blocks. Colored circles denote th...
<p>We tested a class of alternative models of decision making which differ with respect to predictio...
<p>The four ellipses in each plot correspond to the covariances of four different estimates of the s...
<p>Each panel shows the pooled subjects' responses as a function of the position of the cue either f...
In Bayesian decision theory, the performance of an action is measured by its pos- terior expected lo...
<div><p>Humans have been shown to combine noisy sensory information with previous experience (priors...
<p>(A) Posterior density of the decision state with mean (coloured lines) and two times standard dev...
textabstractThe posterior distribution of a small-scale illustrative econometric model is used to co...
(A) mortality salience, (B) reversed cards, (C) both manipulations. Red distribution is the prior pr...
<p>A) The population weighted index of uncertainty is calculated as in [<a href="http://www.plosntds...