Peak-at-end rule: adaptive mechanism predicts time-dependent decision weighting

Abstract Humans make decisions under various natural circumstances, integrating multiple pieces of information that are distributed over space and time. Although psychophysical and physiological studies have investigated temporal dynamics underlying perceptual decision making, weighting profiles for inliers and outliers during temporal integration have yet to be fully investigated in most studies. Here, we examined the temporal weighting profile of a computational model characterized by a leaky integrator of sensory evidence. As a corollary of its leaky nature, the model predicts the recency effect and overweights outlying elements around the end of the stream. Moreover, we found that the model underweights outlying values occurring earlier in the stream (i.e., robust averaging). We also show that human observers exhibit exactly the same weighting profile in an average estimation task. These findings suggest that the adaptive decision process in the brain results in the time-dependent decision weighting, the “peak-at-end” rule, rather than the peak-end rule in behavioral economics