In two minds: The neuroscience of decision-making Deborah Talmi, School of Psychological Sciences, University of Manchester.

Slides:



Advertisements
Similar presentations
BEHAVIORAL RESEARCH IN MANAGERIAL ACCOUNTING RANJANI KRISHNAN HARVARD BUSINESS SCHOOL & MICHIGAN STATE UNIVERSITY 2008.
Advertisements

TEEB Training Session 4: Criticisms of valuation.
Choice under Uncertainty. Introduction Many choices made by consumers take place under conditions of uncertainty Therefore involves an element of risk.
Unit 3-B (F): The Brain and Consciousness
Chapter 11 user support. Issues –different types of support at different times –implementation and presentation both important –all need careful design.
Orbitofrontal Cortex and Its Contribution to Decision-Making Group 2.
LECTURE 4. SOME INTUITIONS  emotional processes underlie rapid, basic, and automatic evaluations  low-level processes that elicit strong valenced and.
“Mind matters” By: steven johnson
The denial of moral truth: objections Michael Lacewing
Decision making and economics. Economic theories Economic theories provide normative standards Expected value Expected utility Specialized branches like.
Current Theories CHS 165 Hi Guys I have included several tasks within the presentation for you to complete individually. Once complete save the power point.
Help and Documentation zUser support issues ydifferent types of support at different times yimplementation and presentation both important yall need careful.
Decision-making II choosing between gambles neural basis of decision-making.
Do we always make the best possible decisions?
Green’s Tri-Level Hypothesis Behavioral: a person’s performance on specific experimental tasks Cognitive: the postulated cognitive or affective systems.
Decision-making I choosing between gambles neural basis of decision-making.
Contents Click the link below to go directly to the slides for that chapter. Chapter 1 ■ Your Personal Strengths Chapter 2 ■ The Roles You Play Chapter.
Introduction to the economics of education
INTRO TO PSYCHOLOGY.
Judgment in Managerial Decision Making 8e Chapter 1 Introduction to Managerial Decision Making Copyright 2013 John Wiley & Sons.
Motivation What energizes human behavior?
Chapter 3: Social Cognition
The Context in Wales School effectiveness framework with emphasis on improved learning & wellbeing Focus on AfL Revised curriculum & assessment framework.
1 The Nature and Scope of Economics The subject of Economics can be defined from a number of different perspectives: ‘Economics is the study of the allocation.
1 AI and Agents CS 171/271 (Chapters 1 and 2) Some text and images in these slides were drawn from Russel & Norvig’s published material.
Perspectives continued: Cognitive Dissonance and Habits
P S Y C H O L O G Y T h i r d E d i t i o n by Drew Westen PowerPoint  Presentation C h a p t e r 1 P S Y C H O L O G Y The Study of Mental Processes.
Culture and Consumer Behavior. How people behave and what motivates them is largely a matter of culture. Differences in how people process information,
Decision making Making decisions Optimal decisions Violations of rationality.
 What do you do in the following situations?  Play the Game!
Why Model? By the way …. A model is a representation, abstraction, or a simulation of a phenomenon that we are trying to understand.
Judgment and Decision- Making. Opening Activity I have a rule in mind that applies to the sequencing of three numbers. You have to try to guess the rule.
Chapter 4 by Kathleen Mastrian and Dee McGonigle
Emotion, Choice, and Reasons. Cognitive Neuroscience What can the brain tell us about decision making? Frontal Lobe damage –Phineas Gage –Planning problems.
Understanding Human Behavior Helps Us Understand Investor Behavior MA2N0246 Tsatsral Dorjsuren.
Decision making behavior Why do people make the choices they do? Reason-based choice Regret theory Effort-accuracy Choice and judgment heuristics.
Simulated Evolution of Language By: Jared Shane I400: Artificial Life as an approach to Artificial Intelligence January 29, 2007.
Introduction and the Diagnostic Approach 07/02/2013.
Thinking and Decision Making Psychology 2235 Prof. Elke Weber Segment 2 Descriptive Models.
Chap#11 What is User Support?
Wrap Up Psychological assumptions… Permeate the social sciences Rational view Behavioral view Biased judgment Malleable preferences Influenced.
UNIT 4 BRAIN, BEHAVIOUR & EXPERIENCE AREA OF STUDY 2 MENTAL HEALTH.
The Fundamental Economic Problem. What is Economics? Economics is the study of how we make decisions in a world where resources are limited. It is sometimes.
Chapter 6 DECISION MAKING: THE ESSENCE OF THE MANAGER’S JOB 6.1 © 2003 Pearson Education Canada Inc.
Cognition © POSbase 2003Contributor Cognition denotes to acts or processes involved in the acquisition, transformation, retrieval, and use of knowledge.
Psychology: Brain, Mind, and Culture, 2e by Drew Westen Paul J. Wellman Texas A&M University John Wiley and Sons, Inc. PowerPoint  Presentation: Chapter.
Marketing Management 28 February Consumer Markets and Buyer Behaviour.
1 What is Game Theory About? r Analysis of situations where conflict of interests is present r Goal is to prescribe how conflicts can be resolved 2 2 r.
Minimize Forgetting through Review: Utilizing the working of WM & LTM 10 next next next minutes day day week with continuous periodic reviews Recall without.
How good was the NHS Campus Reprovision? An Evaluation by Jackie Topp Independent Researcher.
INLS 200 thursday, january 17.
Prospect Theory - complement J.Skorkovský ESF-KPH.
Cognitive Psychology What is cognitive psychology?
The Nonrational Escalation of Commitment The Nonrational Escalation of Commitment Presented by: Hamid Shekari Omid Keivanloo.
Portfolio Management Unit – II Session No. 10 Topic: Investor Characteristics Unit – II Session No. 10 Topic: Investor Characteristics.
Chapter 7: Learning and Decision Making Copyright © 2010 by The McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill/Irwin.
Dual process theories of reasoning: Types, systems and types of system Jonathan St B T Evans Centre for Thinking and Language School of Psychology University.
Introduction to the Social Sciences. Today’s Class Outline What is Social Science? Overview of Disciplines What is Science? Critical Response Paragraphs.
Chapter 8 Thinking and Language.
B301B: MAKING SENSE OF STRATEGY Block 3: UNITS Unit 6: section 6.2 pages ( ) Note: These slides will cover most of the main ideas discussed in the.
Units 1&2 Transition Program for 2014
What is cognitive psychology?
Behavioral Economics A branch of economics that studies the psychology of decision-making to explain consumer behavior.
Unit content Students should be able to:
INTRO TO PSYCHOLOGY.
Chapter 3 A: The Brain and Consciousness
Chapter 11 user support.
Behavioral Economics: Introduction to Behavioral Economics
UNIT 4 BRAIN, BEHAVIOUR & EXPERIENCE
The Mind Body Problem Our minds seem to be non-physical and different from our bodies. Our bodies seem to be something different from our minds. Are they.
Presentation transcript:

In two minds: The neuroscience of decision-making Deborah Talmi, School of Psychological Sciences, University of Manchester

Outline Why neuroscience? Two systes for decision making –Examples from moral and economic decisions How does the implicit system influence decision-making? –Empirical examples

Proscriptive models offer yardsticks for good decisions… –Serve the greater society –Rational (e.g. preferences are consistent with each other) –Maximise the hedonic experience (happiness) associated with an outcome Descriptive models: How do people actually make decisions? –Empirical answers Proscriptive and descriptive models > >

UnconsciousConscious ImplicitExplicit AutomaticControlled Low effortHigh effort RapidSlow Holistic, perceptualAnalytic, reflective Evolutionarily oldEvolutionarily recent NonverbalLinked to language AssociativeRule based Domain specificDomain general ContextualizedAbstract Independent of general intelligenceLinked to general intelligence Independent of working memoryLimited by working memory capacity ImplicitExplicit The dual processing framework

Moral decisions The trolley problem: Implicit and explicit preferences The two systems are implemented in separate brain regions Patients with damage to frontal brain regions compared to brain damaged and healthy controls Patients made more ‘explicitly rational’ decisions

Endowment: $20 of play money Invest (pay $1) or not (keep 1$)? Lose $1Win $2.50 Patients won 25$ Controls won 20$ Economic decisions

Pavlovian control –Attraction to stimuli previously associated with reward Habitual control –Continue previously rewarded behaviour even when it is no longer rewarding Goal-directed control –Explicit representation of the link between the action and the outcome Control of behaviour – animal decision Implicit Explicit

Computations of the implicit system give rise to feelings and intuitions –Is the current situation better or worse than expected? The implicit system and emotions Early TrainingLate Training

When the environment is complex, computation in the implicit system can improve decisions The implicit system can help decisions % choosing the objectively better car EasyComplex

Implicit computations are associative, making them vulnerable to contextual biases This can get in the way of making optimal decisions % choice of an unhealthy snack The implicit system can hinder decisions

Neuroscience research improves our understanding of the way people make decisions The dual process view explains why we can be ‘in two minds’ about a choice Implicit computations give rise to emotions The properties of implicit computations explain why emotions seem to sometimes help and sometimes hinder us from making optimal decisions Summary: Deciding well