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Extending a biologically inspired model of choice: multi-alternatives, nonlinearity and value-based multidimensional choice.

Abstract:
The leaky competing accumulator (LCA) is a biologically inspired model of choice. It describes the processes of leaky accumulation and competition observed in neuronal populations during choice tasks and it accounts for reaction time distributions observed in psychophysical experiments. This paper discusses recent analyses and extensions of the LCA model. First, it reviews the dynamics and examines the conditions that make the model achieve optimal performance. Second, it shows that nonlinearities of the type present in biological neurons improve performance when the number of choice alternatives increases. Third, the model is extended to value-based choice, where it is shown that nonlinearities in the value function explain risk aversion in risky choice and preference reversals in choice between alternatives characterized across multiple dimensions.
Publication status:
Published

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Publisher copy:
10.1098/rstb.2007.2059

Authors


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Institution:
University of Oxford
Division:
MSD
Department:
Clinical Neurosciences
Role:
Author


Host title:
Philosophical transactions of the Royal Society of London. Series B, Biological sciences
Volume:
362
Issue:
1485
Pages:
1655-1670
Publication date:
2007-09-01
Event location:
England
DOI:
EISSN:
1471-2970
ISSN:
0962-8436


Keywords:
Pubs id:
pubs:420753
UUID:
uuid:184fbb67-5d36-417b-bee3-1aa422798088
Local pid:
pubs:420753
Source identifiers:
420753
Deposit date:
2013-11-16

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