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The computational cost of active information sampling before decision-making under uncertainty

Abstract:
Humans often seek information to minimize the pervasive effect of uncertainty on decisions. Current theories explain how much knowledge people should gather before a decision, based on the cost-benefit structure of the problem at hand. Here, we demonstrate that this framework omits a crucial agent-related factor: the cognitive effort expended while collecting information. Using an active sampling model, we unveil a speed-efficiency trade-off whereby more informative samples take longer to find. Crucially, under sufficient time pressure, humans can break this trade-off, sampling both faster and more efficiently. Computational modelling demonstrates the existence of a cost of cognitive effort which, when incorporated into theoretical models, provides a better account of people's behaviour and also relates to self-reported fatigue accumulated during active sampling. Thus, the way people seek knowledge to guide their decisions is shaped not only by task-related costs and benefits, but also crucially by the quantifiable computational costs incurred.
Publication status:
Published
Peer review status:
Peer reviewed

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Publisher copy:
10.1038/s41562-021-01116-6

Authors


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Role:
Author
ORCID:
0000-0003-1422-5326
More by this author
Role:
Author
ORCID:
0000-0002-7842-7974
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Institution:
University of Oxford
Division:
MSD
Department:
Clinical Neurosciences
Role:
Author
ORCID:
0000-0003-0735-4349
More by this author
Institution:
University of Oxford
Division:
MSD
Department:
Clinical Neurosciences
Oxford college:
New College
Role:
Author
ORCID:
0000-0002-6850-9255


Publisher:
Nature Research
Journal:
Nature Human Behaviour More from this journal
Volume:
5
Pages:
935-946
Publication date:
2021-05-27
Acceptance date:
2021-04-14
DOI:
EISSN:
2397-3374


Language:
English
Keywords:
Pubs id:
1179545
Local pid:
pubs:1179545
Deposit date:
2021-05-31

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