Literature DB >> 18719953

Gambling for Gatorade: risk-sensitive decision making for fluid rewards in humans.

Benjamin Y Hayden1, Michael L Platt.   

Abstract

Determining how both humans and animals make decisions in risky situations is a central problem in economics, experimental psychology, behavioral economics, and neurobiology. Typically, humans are risk seeking for gains and risk averse for losses, while animals may display a variety of preferences under risk depending on, amongst other factors, internal state. Such differences in behavior may reflect major cognitive and cultural differences or they may reflect differences in the way risk sensitivity is probed in humans and animals. Notably, in most studies humans make one or a few choices amongst hypothetical or real monetary options, while animals make dozens of repeated choices amongst options offering primary rewards like food or drink. To address this issue, we probed risk-sensitive decision making in human participants using a paradigm modeled on animal studies, in which rewards were either small squirts of Gatorade or small amounts of real money. Possible outcomes and their probabilities were not made explicit in either case. We found that individual patterns of decision making were strikingly similar for both juice and for money, both in overall risk preferences and in trial-to-trial effects of reward outcome on choice. Comparison with decisions made by monkeys for juice in a similar task revealed highly similar gambling styles. These results unite known patterns of risk-sensitive decision making in human and nonhuman primates and suggest that factors such as the way a decision is framed or internal state may underlie observed variation in risk preferences between and within species.

Entities:  

Mesh:

Year:  2008        PMID: 18719953      PMCID: PMC2683409          DOI: 10.1007/s10071-008-0186-8

Source DB:  PubMed          Journal:  Anim Cogn        ISSN: 1435-9448            Impact factor:   3.084


  15 in total

1.  The Effects of Framing, Reflection, Probability, and Payoff on Risk Preference in Choice Tasks.

Authors: 
Journal:  Organ Behav Hum Decis Process       Date:  1999-06

2.  The priority heuristic: making choices without trade-offs.

Authors:  Eduard Brandstätter; Gerd Gigerenzer; Ralph Hertwig
Journal:  Psychol Rev       Date:  2006-04       Impact factor: 8.934

3.  Matching behavior and the representation of value in the parietal cortex.

Authors:  Leo P Sugrue; Greg S Corrado; William T Newsome
Journal:  Science       Date:  2004-06-18       Impact factor: 47.728

4.  Decisions from experience and the effect of rare events in risky choice.

Authors:  Ralph Hertwig; Greg Barron; Elke U Weber; Ido Erev
Journal:  Psychol Sci       Date:  2004-08

5.  Prefrontal cortex and decision making in a mixed-strategy game.

Authors:  Dominic J Barraclough; Michelle L Conroy; Daeyeol Lee
Journal:  Nat Neurosci       Date:  2004-03-07       Impact factor: 24.884

Review 6.  Choosing the greater of two goods: neural currencies for valuation and decision making.

Authors:  Leo P Sugrue; Greg S Corrado; William T Newsome
Journal:  Nat Rev Neurosci       Date:  2005-05       Impact factor: 34.870

7.  The neural basis of financial risk taking.

Authors:  Camelia M Kuhnen; Brian Knutson
Journal:  Neuron       Date:  2005-09-01       Impact factor: 17.173

8.  Risk-sensitive neurons in macaque posterior cingulate cortex.

Authors:  Allison N McCoy; Michael L Platt
Journal:  Nat Neurosci       Date:  2005-08-14       Impact factor: 24.884

9.  Temporal discounting predicts risk sensitivity in rhesus macaques.

Authors:  Benjamin Y Hayden; Michael L Platt
Journal:  Curr Biol       Date:  2007-01-09       Impact factor: 10.834

10.  The Psychophysics Toolbox.

Authors:  D H Brainard
Journal:  Spat Vis       Date:  1997
View more
  26 in total

1.  What's in a frame? Response to Kanngiesser & Woike (2016).

Authors:  Christopher Krupenye; Alexandra G Rosati; Brian Hare
Journal:  Biol Lett       Date:  2016-01       Impact factor: 3.703

2.  Responses to the Assurance game in monkeys, apes, and humans using equivalent procedures.

Authors:  Sarah F Brosnan; Audrey Parrish; Michael J Beran; Timothy Flemming; Lisa Heimbauer; Catherine F Talbot; Susan P Lambeth; Steven J Schapiro; Bart J Wilson
Journal:  Proc Natl Acad Sci U S A       Date:  2011-02-07       Impact factor: 11.205

3.  Gambling in rhesus macaques (Macaca mulatta): The effect of cues signaling risky choice outcomes.

Authors:  Travis R Smith; Michael J Beran; Michael E Young
Journal:  Learn Behav       Date:  2017-09       Impact factor: 1.986

4.  Thirst-dependent risk preferences in monkeys identify a primitive form of wealth.

Authors:  Hiroshi Yamada; Agnieszka Tymula; Kenway Louie; Paul W Glimcher
Journal:  Proc Natl Acad Sci U S A       Date:  2013-09-09       Impact factor: 11.205

5.  On the Flexibility of Basic Risk Attitudes in Monkeys.

Authors:  Shiva Farashahi; Habiba Azab; Benjamin Hayden; Alireza Soltani
Journal:  J Neurosci       Date:  2018-04-06       Impact factor: 6.167

6.  Rhesus monkeys lack a consistent peak-end effect.

Authors:  Eric R Xu; Emily J Knight; Jerald D Kralik
Journal:  Q J Exp Psychol (Hove)       Date:  2011-09-20       Impact factor: 2.143

7.  Modeling risky decision-making in nonhuman animals: shared core features.

Authors:  Sarah R Heilbronner
Journal:  Curr Opin Behav Sci       Date:  2017-08

8.  Humans and monkeys show similar skill in estimating uncertain outcomes.

Authors:  Michael J Beran; Katharine Owens; Holly A Phillips; Theodore A Evans
Journal:  Psychon Bull Rev       Date:  2012-04

9.  The effects of the previous outcome on probabilistic choice in rats.

Authors:  Andrew T Marshall; Kimberly Kirkpatrick
Journal:  J Exp Psychol Anim Behav Process       Date:  2012-12-03

10.  Nucleus accumbens D2R cells signal prior outcomes and control risky decision-making.

Authors:  Kelly A Zalocusky; Charu Ramakrishnan; Talia N Lerner; Thomas J Davidson; Brian Knutson; Karl Deisseroth
Journal:  Nature       Date:  2016-03-23       Impact factor: 49.962

View more

北京卡尤迪生物科技股份有限公司 © 2022-2023.