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Poster
Human Decision-Making under Limited Time
Pedro Ortega · Alan A Stocker

Tue Dec 06 09:00 AM -- 12:30 PM (PST) @ Area 5+6+7+8 #125
in Tuesday Posters »

Abstract Subjective expected utility theory assumes that decision-makers possess unlimited computational resources to reason about their choices; however, virtually all decisions in everyday life are made under resource constraints---i.e. decision-makers are bounded in their rationality. Here we experimentally tested the predictions made by a formalization of bounded rationality based on ideas from statistical mechanics and information-theory. We systematically tested human subjects in their ability to solve combinatorial puzzles under different time limitations. We found that our bounded-rational model accounts well for the data. The decomposition of the fitted model parameter into the subjects' expected utility function and resource parameter provide interesting insight into the subjects' information capacity limits. Our results confirm that humans gradually fall back on their learned prior choice patterns when confronted with increasing resource limitations.

Keywords: Information Theory · (Cognitive/Neuroscience) Theoretical Neuroscience · (Cognitive/Neuroscience) Reinforcement Learning · (Cognitive/Neuroscience) Perception
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Author Information

Pedro Ortega (DeepMind)
Alan A Stocker (University of Pennsylvania)

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