Lecture 7 - Decision Making

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Questions and Answers

In the context of decision making, what does 'choice' specifically refer to?

  • The cognitive deliberation involved in weighing available options.
  • The inherited traits influencing decision-making, as shaped by natural selection.
  • The outcome selected from a variety of options, manifested as a motor action or verbal response. (correct)
  • The environmental factors that limit or expand the range of available decision options.

Which of the following is a key consideration when evaluating foraging theories?

  • Minimizing caloric intake to reduce the risk of predation.
  • Ignoring the travel time to food sources to focus on immediate caloric intake.
  • Ensuring the animal always expends more calories than it gains.
  • Factoring in 'operating expenses' to ensure the animal has a net surplus of calories. (correct)

Why is the win/shift task important in the study of animal behavior?

  • It reveals an animal's tendency to seek new food sources rather than revisiting depleted ones. (correct)
  • It assesses an animal's ability to communicate with other animals.
  • It measures an animal's capacity to learn complex social hierarchies.
  • It primarily tests an animal's physical strength and agility.

What is the primary focus of Optimal Foraging Theory?

<p>How organisms forage to maximize net energy gain per unit time. (A)</p> Signup and view all the answers

According to optimal foraging theory, how does travel time impact an animal's foraging behavior?

<p>Animals will generally carry more food on longer trips to make the travel 'worth it'. (C)</p> Signup and view all the answers

In the context of optimal foraging, what does 'handling' refer to?

<p>The time and energy required to extract a consumable food item from its source. (C)</p> Signup and view all the answers

Which of the following best describes how shore crabs optimize handling time when feeding on blue mussels?

<p>They primarily target intermediate-sized mussels to maximize the quantity of flesh extracted per amount of handling time. (B)</p> Signup and view all the answers

In the context of optimal foraging, how does predation risk influence an animal's behavior?

<p>Animals may compromise on optimal foraging strategies to reduce exposure to predators. (A)</p> Signup and view all the answers

Which of the following scenarios best illustrates the 'Landscape of Fear' concept?

<p>Elk in Yellowstone increasing their vigilance and hiding in wooded areas after wolf reintroduction. (D)</p> Signup and view all the answers

What does the Marginal Value Theorem suggest about an animal's decision to leave a food patch?

<p>Animals should leave a food patch when the rate of energy gain falls below the average for the surrounding environment. (D)</p> Signup and view all the answers

According to the Marginal Value Theorem, what factors influence an animal's decision to move to a different patch?

<p>The amount of resources available, distance between patches, and how long the animal has been at a given patch. (D)</p> Signup and view all the answers

How does the Ideal Free Distribution Model explain the distribution of animals among different food patches?

<p>Animals distribute themselves proportionally to the amount of food available in each patch. (D)</p> Signup and view all the answers

What statement accurately reflects the concept of Nash Equilibrium?

<p>A condition where each player's strategy is optimal, given the strategies of all other players, assuming those strategies remain unchanged. (C)</p> Signup and view all the answers

Which of the following is a key characteristic of collective decision-making?

<p>It involves coordinated behavior that provides a fitness advantage to the group as a whole. (C)</p> Signup and view all the answers

What is the Matching Law primarily used to describe?

<p>How animals distribute their behavior between different options based on the rate of reinforcement. (D)</p> Signup and view all the answers

What does 'undermatching' refer to in the context of the Matching Law?

<p>A response rate higher than expected to the lower payoff option. (B)</p> Signup and view all the answers

What is behavioural economics principally concerned with?

<p>The application of psychological insights into economic decision making. (A)</p> Signup and view all the answers

How does behavioral economics explain the purchasing of essential versus non-essential items when prices change?

<p>Purchasing of necessities changes relatively little when prices increase, while non-essential items are purchased less. (D)</p> Signup and view all the answers

In behavioural economics, what does it mean when a product is described to be 'inelastic'?

<p>When a product is described as inelastic, it does not respond to changes in price. (C)</p> Signup and view all the answers

What does the term 'heuristics' refer to in the context of decision making?

<p>Mental shortcuts or 'rules of thumb' that simplify decision making, but do not guarantee a correct outcome. (C)</p> Signup and view all the answers

How does prospect theory explain how people make decisions when faced with risk?

<p>People make decisions based on the potential value of losses and gains, rather than the final outcome. (A)</p> Signup and view all the answers

Which of the following is an example of the sunk cost fallacy?

<p>Continuing to invest time and money into a failing project because of the resources already invested. (A)</p> Signup and view all the answers

How might loss aversion explain the sunk cost fallacy?

<p>Organisms place more emphasis on avoiding losses rather than optimizing the opportunity. (C)</p> Signup and view all the answers

If an animal continues to engage in a behaviour that may provide a small advantage against a larger payout in the distance, this would be an example of:

<p>Heuristics. (D)</p> Signup and view all the answers

According to Stephens (1981), why might an organism engage in seemingly risky behaviour?

<p>When the safe option is unavailable. (D)</p> Signup and view all the answers

What is 'delay discounting'?

<p>The process where the value of a reward decreases as the amount of time to receive that reward increases. (C)</p> Signup and view all the answers

From an evolutionary perspective, why is delay discounting considered a paradox?

<p>It should be optimized by choosing the delayed reward!. (C)</p> Signup and view all the answers

An animal is presented with a situation where they must choose between a small immediate reward or a large delayed reward. If the animal chooses the smaller immediate reward, it is displaying...

<p>Impulsivity. (B)</p> Signup and view all the answers

What conclusion can be made when considering if emotion may play a role in decision making?

<p>Emotions may facilitate effective decision making. (C)</p> Signup and view all the answers

What is the main purpose of the Iowa Gambling Task?

<p>Evaluate risk aversion and decision-making strategies. (B)</p> Signup and view all the answers

During the Iowa Gambling Task, what physiological responses may be present with the control group?

<p>Galvanic Skin Response shows change with heart rate. (B)</p> Signup and view all the answers

What area of the brain may be affected during decision-making?

<p>vmPFC (C)</p> Signup and view all the answers

What is the primary function of the somatic markers according to the Somatic Marker Hypothesis?

<p>Informing decion-making with bodily reactions triggered by emotions. (C)</p> Signup and view all the answers

A pigeon is placed in a labatory to determine how often it will hit button (A) over button (B). Based on this the rate of re-enforcement is then tested. If button (A) is pressed 5 times, against 2 times for button (B), what re-enforcement schedule is ideal?

<p>FR5 and FR2 (D)</p> Signup and view all the answers

A bird is trained to retrieve worms from a feeder at various distances from its nest. As the bird travels further, it will perform which behaviour?

<p>It increases the number of worms it carries. (D)</p> Signup and view all the answers

There is evidence that brain-imaging studies indicate decision occur up to ____ seconds before we are aware of making them.

<p>10 (D)</p> Signup and view all the answers

Which of the following may contribute to addiction, and may lead to more impulsive decisions?

<p>Drugs and alcohol, transition from elastic to Inelastic (D)</p> Signup and view all the answers

In the context of Heuristics versus Algorithms, with choosing a method that results in the correct solution, what is more costly?

<p>Algorithm (B)</p> Signup and view all the answers

Tversky & Kahneman describe ______ that illustrates the way people choose between alternatives by taking into account risk.

<p>Prospect Theory (C)</p> Signup and view all the answers

Predation may influence the effects of...

<p>Optimal Foraging (B)</p> Signup and view all the answers

In optimal foraging theory, what is the primary trade-off an animal must consider?

<p>The energy gained from food versus the energy expended to obtain it. (A)</p> Signup and view all the answers

According to optimal foraging theory, which factor would most likely cause an animal to broaden its diet?

<p>A decrease in the availability of its preferred food source. (D)</p> Signup and view all the answers

How do shore crabs demonstrate decision-making related to handling time with mussels?

<p>They select mussels that provide the most flesh for the time spent breaking the shell. (D)</p> Signup and view all the answers

An animal is foraging in an area with high food availability but also a high risk of predation. How might this 'landscape of fear' affect its foraging behavior?

<p>The animal will reduce foraging time and choose safer, less profitable areas. (D)</p> Signup and view all the answers

According to the Marginal Value Theorem, how should an animal's travel time to a food patch influence its decision to leave that patch?

<p>Longer travel times should lead to longer stays within the patch. (D)</p> Signup and view all the answers

In the context of the Ideal Free Distribution Model, what happens when animals congregate at a food patch?

<p>Congregating lowers the payoff because food resources deplete quicker. (A)</p> Signup and view all the answers

Which scenario best illustrates the concept of the Ideal Free Distribution?

<p>A population of fish distributing themselves among different feeding patches such that each individual's intake rate is equal. (D)</p> Signup and view all the answers

In the context of Nash Equilibrium, what statement is most accurate?

<p>Individuals make the best decision for themselves, considering the decisions of others. (C)</p> Signup and view all the answers

What is a primary difference between collective decision-making and cooperative behaviour?

<p>Collective decisions are driven by general principles. (C)</p> Signup and view all the answers

In the context of concurrent schedules of reinforcement, what does the Matching Law predict?

<p>Animals will distribute their behavior in proportion to the rates of reinforcement available on each option. (C)</p> Signup and view all the answers

In the context of the Matching Law, what could cause 'overmatching'?

<p>When response rate is higher than expected to higher payoff option (B)</p> Signup and view all the answers

Which of the following scenarios best illustrates the concept of behavioural economics?

<p>An animal preferentially consuming essential items over non-essential items. (A)</p> Signup and view all the answers

In behavioural economics, what does it mean when the demand for a product is described as 'elastic'?

<p>Small changes in price have a significant impact on how much of the product is purchased. (C)</p> Signup and view all the answers

When faced with uncertainty, how do heuristics impact decision-making?

<p>They act as mental shortcuts, helping individuals reach a decision quickly. (A)</p> Signup and view all the answers

How does prospect theory differ from traditional economic models in explaining decision-making under risk?

<p>Prospect theory emphasizes how perceived potential losses and gains affect decisions more than final outcomes. (B)</p> Signup and view all the answers

What is the implication of 'loss aversion' on decision-making?

<p>Individuals tend to avoid potential losses more strongly than they seek equivalent gains. (C)</p> Signup and view all the answers

Why is delay discounting considered a 'paradox' from an evolutionary perspective?

<p>Delayed rewards maximize payoff. (D)</p> Signup and view all the answers

From the perspective of emotional decision making, what observation did neurologist Damasio have?

<p>Patients with normal intellectual abilities can have profound difficulty making decisions related to everyday life. (D)</p> Signup and view all the answers

During the Iowa Gambling Task, what happens when control subjects start picking from the high-risk deck?

<p>Over trials, they will favour the low-risk decks. (A)</p> Signup and view all the answers

According to Damasio, what process occurs when individuals use somatic markers?

<p>The somatic markers provide feedback that guide appropriate choice. (D)</p> Signup and view all the answers

In a foraging experiment with birds trained to retrieve worms at varying distances from their nest, what behavior is most likely as the distance increases?

<p>The birds will make less frequent trips to the feeder and carry more worms. (B)</p> Signup and view all the answers

What can occur if behavioural traits are inherited in non-human animals?

<p>All behaviours will be affected; ex: time, memory, discrimination. (A)</p> Signup and view all the answers

In a lab experiment involving choice behaviour, a pigeon has an FR5 schedule (5 presses for reward) on button A and an FR2 schedule (2 presses for reward) on button B. What is the pigeon most likely going to do?

<p>The pigeon will exclusively hit button B. (C)</p> Signup and view all the answers

Which of the following is true regarding concurrent schedules of reinforcement?

<p>Schedules of reinforcement are not always that simple. (B)</p> Signup and view all the answers

Which of the following defines 'B' in the matching law?

<p>Behaviour (D)</p> Signup and view all the answers

Which of the following may contribute to addiction?

<p>Impulsivity (D)</p> Signup and view all the answers

When using algorithms why is it considered a more costly choice behaviour?

<p>Algorithms results in the correct solution; it is more costly in terms of time/energy. (B)</p> Signup and view all the answers

A study by Tversky & Kahneman describes ______ that illustrate the way people choose between alternatives by taking into account risk.

<p>Prospect theory (B)</p> Signup and view all the answers

Birds that escape predators often perform this behaviour:

<p>Fly away when at least two other birds fly away. (A)</p> Signup and view all the answers

When analyzing a flock of sheep, which can be an important question that may play a role in their decision-making?

<p>How big is the group? (larger groups are more likely to take a risky option) (E)</p> Signup and view all the answers

In leaf-cutter ants, when is foraging done?

<p>At night to evade predator flies (D)</p> Signup and view all the answers

According to Cowie (1977), after birds were placed in an aviary and trained, their behaviour changed such that:

<p>When the travel distance between patches increases, the bird spends more time at a patch. (D)</p> Signup and view all the answers

Kacelnik (1984) performed a study with the feeder located at varying distance from their nest. As the bird needs to travel further, it will perform which behaviour?

<p>It increases or has another behaviour shift regarding how many worms it carries. (D)</p> Signup and view all the answers

Individuals with decision-making deficits will perform which behaviour during the Iowa Gambling Task:

<p>Will continue to choose the high-risk deck, eventually losing all of their points. (A)</p> Signup and view all the answers

After scans were performed on Damasio's patients damage may be exhibited in which area of the brain?

<p>ventromedial region of the prefrontal cortex (vmPFC). (C)</p> Signup and view all the answers

Which of the following is the process of selecting one behaviour over a variety of options?

<p>Decision Making (D)</p> Signup and view all the answers

What does elasticity refer to in Behaioural Economics?

<p>Changes in price having significant impact on how much of the product is purchased. (D)</p> Signup and view all the answers

When birds encounter holes/areas to forage and encounter prey, what is more likely?

<p>Abandon a hole immediately if they do not find food. (D)</p> Signup and view all the answers

Which of the following behaviours is not an example of an evolutionary behaviour?

<p>Enjoying a sunny day. (A)</p> Signup and view all the answers

When it comes to risk-taking in rats, the following concept is more important than others:

<p>Predation risk (A)</p> Signup and view all the answers

The study done by Lima (1984) in foraging is related to

<p>birds abandon hole if they do not encounter prey. (C)</p> Signup and view all the answers

Flashcards

Decision Making

The process of selecting one course of action over a variety of other options.

Choice

The outcome of decision making, expressed through a motor action or verbal response indicating selection of an option.

Optimal Foraging Theory

Examines how decision-making evolved to maximize fitness through foraging behaviors.

Marginal Value of a Patch

The point where the net energy gain from a patch is lower than surrounding areas.

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Ideal Free Distribution Model

Idea that the density of animals matches the abundance of resources.

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Nash Equilibrium

Theory describing forces governing group dynamics, where each player makes the best decision considering others' decisions.

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Collective Decision Making

Evolved coordinated behavior that provides a overall fitness advantage for a group as a whole.

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Handling

The time and energy required to extract a consumable food item from its source.

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Optimal Foraging: Energy Balance

The amount of energy acquired during food consumption offset by the energy expended to obtain it.

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Foraging Theory

The idea that animals must always have a net surplus of calories after "operating expenses" are factored out.

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Loss Aversion

A cognitive bias where humans place a greater value on retaining something they already have than on acquiring something new.

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Heuristics

Cognitive shortcuts or rules of thumb used to make decisions, especially under uncertainty.

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Algorithms

Specific instructions or procedures that always lead to a correct solution.

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Behavioral Economics

A field where choice behavior is analyzed using economic principles.

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Prospect Theory

The way people choose between alternatives that involve risk, where probabilities of outcomes are uncertain.

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Sunk Cost Fallacy

The mistaken belief that costs already incurred should influence future decisions.

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Delay Discounting

Both humans and animals often exhibit a preference for an immediate payoff, even if it is smaller than a delayed payoff

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Impulsivity

Preference for small immediate rewards

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Self-Control

Preference for delayed large rewards.

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Somatic Marker Hypothesis

Decision making is informed by bodily reactions triggered by emotions

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Study Notes

  • Psychology 2210B is covering Decision Making
  • Instructor: Krista Macpherson, PhD
  • Date: March 3rd, 2025
  • Exam 2 will be next week and in the same format as Exam 1

Overview

  • Chapter 7 focuses on Decision Making, including free will, foraging theories, laboratory studies, and Behavioural Economics.
  • Chapter 7 also includes Risky Choice, examining gambling/suboptimal choice, delay discounting, individual differences, and the Somatic Marker hypothesis.
  • Chapter 8 content is conditional based on available time, and only covered material will be on the exam.

Win/Shift Task on the Radial Maze: Comparative Performance

  • Rats, pigeons and dogs were tested to measure correct choices in first four arm selections in a Win/Shift Task.

Importance of the Win/Shift Task

  • Shows an animal's tendency to seek new food sources rather than return to depleted arms.
  • Win/shift tasks relate to spatial memory and are a component of optimal foraging.

Decision Making Defined

  • Decision making constitutes the process of selecting one course of action from a variety of options.
  • Choice is the outcome of this decision-making.
  • A motor action or verbal response indicates a choice.
  • Foraging by Northwestern crows exemplifies decision making.

Free Will Considerations

  • Restriction on free will violates human rights like freedom of speech and academic freedom across cultures.
  • Philosophers from Hindu, Buddhist, Islamic, and Western traditions have questioned freedom of thought, especially with unconscious acts.
  • Brain imaging studies challenge the existence of free will.
  • Decisions occur up to 10 seconds before conscious awareness.

Foraging Theories

  • Optimal Foraging
  • Marginal Value Theorem
  • Ideal Free Distribution Model
  • Collective decision making is relevant for coordinated activities like migration but is not necessarily a foraging theory.

Optimal Foraging Theory

  • The idea that decision making evolved to maximize fitness is often observed in foraging behaviors.
  • The energy acquired during food consumption offsets the energy expended to obtain it.
  • Optimal Foraging Theory states that organisms forage in a way that maximizes net energy gain per unit of time.
  • Chipmunks are central place gatherers that demonstrate this.

Factors Impacting Optimal Foraging Theory

  • Travel Time
  • Handling
  • Predation
  • A key theme is that animals must have a net surplus of calories after factoring out "operating expenses".
  • If travel time increases, the number of worms a bird carries also increases.

Travel Time

  • Transport becomes more difficult with heavier loads.
  • Animals carry more food on longer trips to make it "worth it".
  • The principle applies to humans: convenience stores for few items, grocery stores for many.

Kacelnik Study (1984)

  • Birds were trained to retrieve worms from a feeder at increasing distances from their nest.
  • As the bird needs to travel farther, it increases the number of worms it carries.

Handling Time

  • Handling is the time and energy needed to extract consumable food from its source.
  • Shore crabs feeding on blue mussels demonstrate handling by breaking open shells.
  • Handling is the quantity of flesh extracted per amount of handling time.
  • Selection of intermediate-sized mussels maximizes resource capture (Elner & Hughes, 1978)

The Imperfections of Handling Time

  • Animals can make errors due to other cognitive processes.
  • Wasting time searching for intermediate shells even if they are scarce and larger shells are abundant occurs.

Handling Time in Crows

  • Zach (1979) observed crows feeding on whelks, selecting only larger whelks (3.5-4.4cm).
  • They fly about 5m high to drop whelks.
  • Multiple attempts are sometimes made to break open a single whelk.
  • Northwest Crows dropping large whelks picking them up maximizes calories. Dropping from 5m minimizes time/energy expended in handling

Optimality in Whelk Breaking

  • Large whelks are more likely to shatter at 5m.
  • Drops higher than 5m do not greatly improve breakage.
  • Drops lower than 5m reduce breakage.

Challenges in Optimality Models

  • Creating an optimality model can be difficult because birds are choosing smaller mussels than would be predicted based on caloric value/handling time in Eurasian Oystercatchers.

Optimal Foraging Models

  • Model A considers the Caloric value of mussel/handling time.
  • Model B includes large mussels that birds cannot open.

Predation Impact

  • Animals are most vulnerable when away from their home base searching for food.
  • Optimal foraging is thus compromised in the presence of high predation.
  • Leafcutter ants forage at night to avoid predator flies (Orr, 1992).
  • Rat foraging bouts are inhibited if predators are detected (Blanchard et al., 1992).

Landscape of Fear

  • In Yellowstone National Park in 1995, reintroduced wolves caused elk to increase vigilance by 50%, hiding in wooded areas rather than grazing openly.

Marginal Value Theorem

  • Food is not evenly distributed; it occurs in patches.
  • As patch resources deplete, fitness benefits of staying decline.
  • Elk Foraging Patches was studied by Van Moorter et al. (2009)

Marginal Value Defined

  • Marginal value is the point where net energy gain is lower than surrounding areas.
  • The decision to move depends on amount of resources, distance between patches, and time spent at a patch.

Cowie's Study (1977)

  • Birds were trained to forage in artificial patches (cups filled with sand and prey in an aviary.)
  • As travel distance between patches increases, birds spend more time at a patch.

Lima's Study (1984)

  • This study set up three habitats with empty logs filled with different numbers of prey items.
  • Each habitat had poor and rich patches.
  • Rich patches in the 1st habitat had 24 items.
  • The 2nd had 12.
  • The 3rd had 6.
  • Birds foraged these patches for several days, and these birds developed diverse strategies per patch.

Lima's Findings (1984)

  • Birds abandon holes immediately if they do not find food in rich prey patches.
  • Birds invest more time foraging in prey patches which have been depleted.

Ideal Free Distribution Model

  • Many species forage in groups.
  • Payoff decreases if animals congregate at one patch.
  • Distributing amongst patches is better than all staying in one rich patch.
  • Animals may not be "free" to move because of social or physical constraints, demonstrating that it is not a perfect system.
  • The basic idea is that the number of animals at a food patch is proportional to the amount of food available.

Milniski's Study (1979)

  • In stickleback fish, both ideal free distribution model characteristics were recorded by and food dropped into aquarium.
  • Fish aggregating in each end recorded.
  • When food is delivered in a 5:1 ratio stickleback fish aggregate accordingly.

Nash Equilibrium

  • A theory describes forces governing group dynamics.
  • The decision-making of others in a group must be considered because individual decisions cannot be understood in isolation.
  • Players are in Nash equilibrium if they are making the best decision, considering others' decisions, as long as those decisions remain unchanged.

Collective Decision Making

  • Evolved coordinated behaviors that provide a fitness advantage to a group are characteristics of collective decision making.
  • This is seen in migrating flocks of birds and marching colonies of ants.
  • Collective decision making tends to be regular and predictable, governed by general principles.
  • Collective decision making is robust, and a single defector will not alter group behavior.
  • Collective decision making is different from cooperative behavior.

Examples of Collective Decision Making

  • Stickleback fish ignore a single neighbor's movement and instead follow once a critical mass moves in one direction (Ward et al., 2012).
  • Increasing group size increases the accuracy of collective decisions (Sumpter, 2006).
  • Making is probably more effective/efficient than individual choice.

Confusion Effect

  • Murmurations are often beautiful, but can be destructive.
  • Starlings are an invasive species.
  • Eugene Schieffelin released 60 common starlings in 1890 into New York's Central Park.

Beyond Foraging

  • Decision making is often discussed in foraging behaviors in non-human animals but has important implications for aggression, habitat selection, and reproduction.
  • Decision making is thought to be based on the lowest energy expenditure for the highest fitness benefit.
  • Behavior traits in foraging may be inherited.
  • The result of an individual’s interaction with the environment.
  • These behaviors can be affected by cognitive processes like time, memory, and discrimination.

Choice Experiments in the Lab

  • These can be conducted using concurrent schedules of reinforcement which encompasses two or more schedules in effect at the same time.
  • If a pigeon has an FR5 schedule for one button and an FR2 schedule for another, it will almost exclusively hit the FR2 button.

Schedules of Reinforcement

  • Schedules of reinforcement are not always that simple.
  • With buttons on FI-30s and FI-45s schedules, pigeons maximizes reward by moving back and forth between the keys

The Matching Law

  • The Matching Law reflects how maximal payoff occurs when animals divide time between behavioral options.
  • Herrnstein (1961) stated the relative rate of responding must match the relative rate of reinforcement.
  • Animals generally maximize gains across sessions.
    • The formula is BA/(BA + BB) = rA/(rA + rB).

Shortcomings of the Matching Law

  • The Matching Law is not a perfect system
  • Inconsistencies occurs as different amounts of effort are required, rewards vary in quality or quantity, rewards and reinforcers are delayed
  • Deviations from matching law include under/overmatching, and bias.
  • Bias refers to when one is leaning toward one alternative or the other, regardless of payoff.
  • Undermatching is a response rate higher than expected to a lower payoff option.
  • Overmatching is a response rate higher than expected to a higher payoff.

Behavioural Economics

  • Concurrent choice study in animals parallels the study of economic choice by humans.
  • Behavioural Economics analyzes choice behaviour using economic principles (Hursh, 1980).
  • Economists explain purchasing behavior via cost/demand: rising prices lead to decreased purchasing, a phenomenon shown in animals.

Purchasing Habits of Humans

  • Purchasing of necessities changes little when prices increase.
  • Purchasing of non-essential items is sensitive to increased costs.
  • Food is thus inelastic because it is essential and purchasing is changed little by price.
  • Alcohol is elastic because it is non-essential and purchasing is sensitive to price.
  • Drug and alcohol can move from elastic to inelastic for the addicted, with important Implications for addiction behaviour

Risky Choice

  • Risky choice falls under decisions made under uncertainty.
  • These are studied as gambling or suboptimal choice tasks.
  • Evolutionary and foraging theories suggest that non-human animals should not engage in risky/suboptimal choice.

Heuristics

  • Heuristics help humans and animals deal with choices in the face of uncertainty.
  • These are strategies for solving problems that ignore a portion of information.
  • Often referred to as "mental shortcuts" or cognitive "rules of thumb."
  • May be used in the face of complex problems or incomplete information.
  • Heuristics often result in a correct solutions/desired outcome.
  • Often contrasted with algorithms.
  • Algorithms are specific, correct instructions or procedures to lead to a correct solution. - Always results in the desired outcome - More costly in time/energy

Tversky & Kahneman's Prospect Theory

  • Describes the way people choose between alternatives with uncertain probabilities, involving risk.
  • States humans are bad "intuitive statisticians" because they make decisions based the potential value of losses and gains rather than the final outcome.
  • The theory states evaluations of these losses and gains involves heuristics.

Sunk Cost Fallacy

  • Cognitive heuristics lead to biases/systematic errors, with one being the sunk cost fallacy.
  • The sunk cost is one that cannot be recovered, whether that is money spent or energy expended.
  • Sunk costs should not factor into future payoffs, yet humans make this mistake, known as the Concorde fallacy.
  • Loss aversion is used as an evolutionary explanation
  • It has been attributed to cognitive dissonance (Festinger, 1957).
  • It can be demonstrated in non-human animals.
  • European Starlings prefer stimuli linked to high work output (Kacelnik & Marsh, 2002).
  • Pigeons persist on one option even when another with higher payoff is introduced (Macaskill & Hackenberg, 2012).
  • The same evolutionary theory applies to sunk cost fallacy to animals.
  • Animals stay on a "paying off" patch avoiding the risk of a new patch.
  • There is more safety in a "sure thing".

Heuristics in Animals

  • Peahens prefer to mate with Peacocks that have the most spots (Petrie & Halliday, 1994).
  • Some birds escape predators when they see at least two other birds fleeing (Lima, 1994).

Risk Taking

  • There is uncertainty in decision making when one or more options risk is considered.
  • Animals may forage in a low, consistent density patch instead of a high, unpredictable one.
  • An example of a concurrent Task is a choice between 2 pellets 100% of the time and 8 pellets 25% of the time.

Risk Schedule Setups

  • The low-payoff option is advantageous in the long run, but both pigeons and humans prefer the risky option (Zentall & Stagner, 2011).
  • This is more pronounced in humans who gamble (Molet et al. 2012).

Motivations Behind Risky Behavior

  • Organisms engage in risky behavior when the safe option cannot meet fitness needs, like starvation.
  • Another possibility is that high outcomes which rarely occur are more memorable, and are easier to remember.
  • Thus, individuals mistakenly think that they occur more often, known as an availability heuristic (Tversky & Kahneman, 1974).
  • Risk taking affects the behavior of rats because it increases the chance of predation.

Delay Discounting

  • Humans and animals prefer an immediate payoff, even if smaller than a delayed one.
  • Future rewards tend to decline in perceived value.
  • The longer the delay, the more the reward is discounted, but the larger the reward, the more the delay is necessary to discount it.
  • Delay discounting measures impulsivity (small immediate rewards) and self-control (large delayed rewards).

Delay Discounting Paradox

  • From an evolutionary perspective, the payoff should be optimized by choosing the delayed reward.
  • The most explanation is delayed rewards are secured immediately because its unpredicatable.

Kacelnik-Context in Food Encounters

  • Food in the wild is encountered sequentially, not simultaneously.
  • Animals assign value to food via context.
  • Food in a resource-sparse area is valued more than the same food in a resource-rich area.

Individual Differences

  • Within-species decision making differences exist, especially with uncertain choices.
  • Birds and mammals differ in preference for risky/non-risky options and small immediate vs. long delayed rewards.
  • High human impulsivity leads to conditions like drug addiction (Kirby and Petry, 2004).
  • Lack of prefrontal cortex maturation can result in impulsivity/risk-taking in young humans/animals.
  • PFC is linked to inhibitory control/long-term planning.

Emotional Decision Making

  • Emotions are described as forces that require reason to guide/tame them, potentially distort making decisions, dating back to Plato.
  • Emotional decision making was formally studied until late 20th century.
  • Neurologist Damasio found high scoring patients on psychological tests who still had profound difficulty making everyday decisions.

lowa Gambling Task

  • Damasio developed a clinical test for inappropriate decision tasks referred to as the lowa Gambling Task.
  • Individuals turn over cards from four set piles; each displays a loss or gains from points on cards as individual plays
  • Two high-risk piles and two low-risk, with the low-risk decks pay better in the long run.
  • Control subjects pick high-risk decks to start out
  • Those individuals with no neurological conditions choose more low-risk decks over time but the individuals with decision-making deficits will continue on the high-risk decks and lose all of their points.

Somatic Marker Hypothesis

  • Emotions inform decision making via bodily reactions.
  • Fear would cause a relevant stimulus.
  • Galvanic skin responses and increases in heart rate characterize control subjects in IGT, but not Damasio's patients.
  • These responses evolve with aiding choices in future.
  • Poor can come disrupt somatic markers since not all behavior can influence emotions.
  • Scans of Damasio's patients showed there were somatic markers in the vmPFC and damage resulted in damaged decision making skills
  • VmPFC also has connections to the amygdala.
  • Reconstructions of Phineas Gage’s skull suggest damage to the same area.

Conclusions

  • Differences can occur in terms of individual, uncertain or risky outcomes that exist in decision making.
  • Research shows that popular belief that emotions should be kept "in check" but emotions may facilitate effective decision making.
  • Choice is a topic encompassing animal foraging behaviors through modern economic theory.
  • While having strong beliefs in free will, many of our choices are governed by other choices. Individual differences are seen in human and in non-human animals with the task of choice-making.
  • Choice plays a critical role in the foraging behaviors of non-human animals.

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