105 research outputs found

    Reference Dependence and Random Attention

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    We explore the ways that a reference point may direct attention. Utilizing a stochastic choice framework, we provide behavioral foundations for the Reference- Dependent Random Attention Model (RD-RAM). Our characterization result shows that preferences may be uniquely identified even when the attention process depends arbitrarily on both the menu and the reference point. The RD-RAM is able to capture rich behavioral patterns, including frequency reversals among non-status quo alternatives and choice overload. We also analyze specific attention processes, characterizing reference-dependent versions of several prominent models of stochastic consideration

    Learning News Bias: Misspecifications and Consequences

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    We study how a decision maker (DM) learns about the bias of unfamiliar news sources. Absent any frictions, a rational DM uses known sources as a yardstick to discern the true bias of a source. If a DM has misspecified beliefs, this process fails. We derive long-run beliefs, behavior, welfare, and corresponding comparative statics, when the DM has dogmatic, incorrect beliefs about the bias of known sources. The distortion due to misspecified learning is succinctly captured by a single-dimensional metric we introduce. Our model generates the hostile media effect and false polarization, and has implications for fact-checking and misperception recalibration

    Learning to be Homo Economicus: Can an LLM Learn Preferences from Choice

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    This paper explores the use of Large Language Models (LLMs) as decision aids, with a focus on their ability to learn preferences and provide personalized recommendations. To establish a baseline, we replicate standard economic experiments on choice under risk (Choi et al., 2007) with GPT, one of the most prominent LLMs, prompted to respond as (i) a human decision maker or (ii) a recommendation system for customers. With these baselines established, GPT is provided with a sample set of choices and prompted to make recommendations based on the provided data. From the data generated by GPT, we identify its (revealed) preferences and explore its ability to learn from data. Our analysis yields three results. First, GPT's choices are consistent with (expected) utility maximization theory. Second, GPT can align its recommendations with people's risk aversion, by recommending less risky portfolios to more risk-averse decision makers, highlighting GPT's potential as a personalized decision aid. Third, however, GPT demonstrates limited alignment when it comes to disappointment aversion

    Conscious Perception as Integrated Information Patterns in Human Electrocorticography

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    A significant problem in neuroscience concerns the distinction between neural processing that is correlated with conscious percepts from processing that is not. Here, we tested if a hierarchical structure of causal interactions between neuronal populations correlates with conscious perception. We derived the hierarchical causal structure as a pattern of integrated information, inspired by the integrated information theory (IIT) of consciousness. We computed integrated information patterns from intracranial electrocorticography (ECoG) from six human neurosurgical patients with electrodes implanted over lateral and ventral cortices. During recording, subjects viewed continuous flash suppression (CFS) and backward masking (BM) stimuli intended to dissociate conscious percept from stimulus, and unmasked suprathreshold stimuli. Object-sensitive areas revealed correspondence between conscious percepts and integrated information patterns. We quantified this correspondence using unsupervised classification methods that revealed clustering of visual experiences with integrated information, but not with broader information measures including mutual information and entropy. Our findings point to a significant role of locally integrated information for understanding the neural substrate of conscious object perception

    Analysis of single-unit responses to emotional scenes in human ventromedial prefrontal cortex

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    Lesion and functional imaging studies in humans have shown that the ventral and medial prefrontal cortex is critically involved in the processing of emotional stimuli, but both of these methods have limited spatiotemporal resolution. Conversely, neurophysiological studies of emotion in nonhuman primates typically rely on stimuli that do not require elaborate cognitive processing. To begin bridging this gap, we recorded from a total of 267 neurons in the left and right orbital and anterior cingulate cortices of four patients who had chronically implanted depth electrodes for monitoring epilepsy. Peristimulus activity was recorded to standardized, complex visual scenes depicting neutral, pleasant, or aversive content. Recording locations were verified with postoperative magnetic resonance imaging. Using a conservative, multistep statistical evaluation, we found significant responses in 56 neurons; 16 of these were selective for only one emotion class, most often aversive. The findings suggest sparse and widely distributed processing of emotional value in the prefrontal cortex, with a predominance of responses to aversive stimuli

    A Sound-Sensitive Source of Alpha Oscillations in Human Non-Primary Auditory Cortex

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    Copyright © 2019 Billig, Herrmann et al. The functional organization of human auditory cortex can be probed by characterizing responses to various classes of sound at different anatomical locations. Along with histological studies this approach has revealed a primary field in posteromedial Heschl\u27s gyrus (HG) with pronounced induced high-frequency (70-150 Hz) activity and short-latency responses that phase-lock to rapid transient sounds. Low-frequency neural oscillations are also relevant to stimulus processing and information flow, however, their distribution within auditory cortex has not been established. Alpha activity (7-14 Hz) in particular has been associated with processes that may differentially engage earlier versus later levels of the cortical hierarchy, including functional inhibition and the communication of sensory predictions. These theories derive largely from the study of occipitoparietal sources readily detectable in scalp electroencephalography. To characterize the anatomical basis and functional significance of less accessible temporal-lobe alpha activity we analyzed responses to sentences in seven human adults (4 female) with epilepsy who had been implanted with electrodes in superior temporal cortex. In contrast to primary cortex in posteromedial HG, a non-primary field in anterolateral HG was characterized by high spontaneous alpha activity that was strongly suppressed during auditory stimulation. Alpha-power suppression decreased with distance from anterolateral HG throughout superior temporal cortex, and was more pronounced for clear compared to degraded speech. This suppression could not be accounted for solely by a change in the slope of the power spectrum. The differential manifestation and stimulus-sensitivity of alpha oscillations across auditory fields should be accounted for in theories of their generation and function.SIGNIFICANCE STATEMENT To understand how auditory cortex is organized in support of perception, we recorded from patients implanted with electrodes for clinical reasons. This allowed measurement of activity in brain regions at different levels of sensory processing. Oscillations in the alpha range (7-14 Hz) have been associated with functions including sensory prediction and inhibition of regions handling irrelevant information, but their distribution within auditory cortex is not known. A key finding was that these oscillations dominated in one particular non-primary field, anterolateral Heschl\u27s gyrus, and were suppressed when subjects listened to sentences. These results build on our knowledge of the functional organization of auditory cortex and provide anatomical constraints on theories of the generation and function of alpha oscillations
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