Suboptimality and efficiency in human decision-making

Thesis

A good decision in isolation may be a bad decision in other conditions. Existing normative theories have been used to benchmark human performance. This is a compelling feature as they provide an understanding of how our decision unfolds in an orderly and rational way. These theories often assumed that decisions are made independent of contexts. However, decisions we have to make in the real-world depends on the context in which they occur. In the past few decades, psychologists and economi...

Expand abstract

Authors: Li, CL

• Type of award: DPhil
• Level of award: Doctoral
• Awarding institution: University of Oxford
• Language: English
• Keywords: efficient coding; decision making; adaptive gain; gain control; suboptimality
• Subjects: Cognitive neuroscience; Psychology, Experimental