Darrell A Worthy, A Ross Otto, Bradley B Doll, Kaileigh A Byrne, W Todd Maddox
Recent work suggests that older adults' decision-making behavior is highly affected by recent events. In the present work younger and older adults performed a two-choice task where one option provided a larger average reward, but there was a large amount of noise around the mean reward for each option which led to sharp improvements or declines in rewards over trials. Older adults showed greater responsiveness to recent events than younger adults as evidenced by fits of Reinforcement Learning (RL) models. Older adults were particularly sensitive to recent negative events, which was evidenced by a strong tendency for older adults to switch to the other option following steep declines in reward. This tendency led to superior performance for older adults in one condition where heightened sensitivity to recent negative events was advantageous. These results extend prior work that has found an older adult bias toward negative feedback, and suggest that older adults engage in more abrupt switching in response to negative outcomes than younger adults.
{"title":"Older Adults are Highly Responsive to Recent Events During Decision-Making.","authors":"Darrell A Worthy, A Ross Otto, Bradley B Doll, Kaileigh A Byrne, W Todd Maddox","doi":"10.1037/dec0000018","DOIUrl":"https://doi.org/10.1037/dec0000018","url":null,"abstract":"<p><p>Recent work suggests that older adults' decision-making behavior is highly affected by recent events. In the present work younger and older adults performed a two-choice task where one option provided a larger average reward, but there was a large amount of noise around the mean reward for each option which led to sharp improvements or declines in rewards over trials. Older adults showed greater responsiveness to recent events than younger adults as evidenced by fits of Reinforcement Learning (RL) models. Older adults were particularly sensitive to recent negative events, which was evidenced by a strong tendency for older adults to switch to the other option following steep declines in reward. This tendency led to superior performance for older adults in one condition where heightened sensitivity to recent negative events was advantageous. These results extend prior work that has found an older adult bias toward negative feedback, and suggest that older adults engage in more abrupt switching in response to negative outcomes than younger adults.</p>","PeriodicalId":81078,"journal":{"name":"Decisions","volume":"2 1","pages":"27-38"},"PeriodicalIF":0.0,"publicationDate":"2015-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1037/dec0000018","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"32968944","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Michel Regenwetter, Clintin P Davis-Stober, Shiau Hong Lim, Ying Guo, Anna Popova, Chris Zwilling, Yun-Shil Cha, William Messner
The goal of this paper is to make modeling and quantitative testing accessible to behavioral decision researchers interested in substantive questions. We provide a novel, rigorous, yet very general, quantitative diagnostic framework for testing theories of binary choice. This permits the nontechnical scholar to proceed far beyond traditionally rather superficial methods of analysis, and it permits the quantitatively savvy scholar to triage theoretical proposals before investing effort into complex and specialized quantitative analyses. Our theoretical framework links static algebraic decision theory with observed variability in behavioral binary choice data. The paper is supplemented with a custom-designed public-domain statistical analysis package, the QTest software. We illustrate our approach with a quantitative analysis using published laboratory data, including tests of novel versions of "Random Cumulative Prospect Theory." A major asset of the approach is the potential to distinguish decision makers who have a fixed preference and commit errors in observed choices from decision makers who waver in their preferences.
{"title":"QTest: Quantitative Testing of Theories of Binary Choice.","authors":"Michel Regenwetter, Clintin P Davis-Stober, Shiau Hong Lim, Ying Guo, Anna Popova, Chris Zwilling, Yun-Shil Cha, William Messner","doi":"10.1037/dec0000007","DOIUrl":"https://doi.org/10.1037/dec0000007","url":null,"abstract":"<p><p>The goal of this paper is to make modeling and quantitative testing accessible to behavioral decision researchers interested in substantive questions. We provide a novel, rigorous, yet very general, quantitative diagnostic framework for testing theories of binary choice. This permits the nontechnical scholar to proceed far beyond traditionally rather superficial methods of analysis, and it permits the quantitatively savvy scholar to triage theoretical proposals before investing effort into complex and specialized quantitative analyses. Our theoretical framework links static algebraic decision theory with observed variability in behavioral binary choice data. The paper is supplemented with a custom-designed public-domain statistical analysis package, the QTest software. We illustrate our approach with a quantitative analysis using published laboratory data, including tests of novel versions of \"Random Cumulative Prospect Theory.\" A major asset of the approach is the potential to distinguish decision makers who have a fixed preference and commit errors in observed choices from decision makers who waver in their preferences.</p>","PeriodicalId":81078,"journal":{"name":"Decisions","volume":"1 1","pages":"2-34"},"PeriodicalIF":0.0,"publicationDate":"2014-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1037/dec0000007","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"32485869","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}