The computational complexity of valuation and motivational forces in decision-making processes

A. David Redish, Nathan W. Schultheiss, Evan C. Carter

Research output: Contribution to journalArticlepeer-review

6 Scopus citations

Abstract

The concept of value is fundamental to most theories of motivation and decision making. However, value has to be measured experimentally. Different methods of measuring value produce incompatible valuation hierarchies. Taking the agent’s perspective (rather than the experimenter’s), we interpret the different valuation measurement methods as accessing different decision-making systems and show how these different systems depend on different information processing algorithms. This identifies the translation from these multiple decision-making systems into a single action taken by a given agent as one of the most important open questions in decision making today. We conclude by looking at how these different valuation measures accessing different decision-making systems can be used to understand and treat decision dysfunction such as in addiction.

Original languageEnglish (US)
Pages (from-to)313-333
Number of pages21
JournalCurrent Topics in Behavioral Neurosciences
Volume27
DOIs
StatePublished - Jun 1 2016

Keywords

  • Decision-Making
  • Multiple Decision Theory
  • Neuroeconomonics
  • Valuation

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