| Literature DB >> 35334232 |
Abstract
Logistic regressions were developed in economics to model individual choice behavior. In recent years, they have become an important tool in decision neuroscience. Here, I describe and discuss different logistic models, emphasizing the underlying assumptions and possible interpretations. Logistic models may be used to quantify a variety of behavioral traits, including the relative subjective value of different goods, the choice accuracy, risk attitudes, and choice biases. More complex logistic models can be used for choices between good bundles, in cases of nonlinear value functions, and for choices between multiple options. Finally, logistic models can quantify the explanatory power of neuronal activity on choices, thus providing a valid alternative to receiver operating characteristic (ROC) analyses.Entities:
Keywords: behavioral economics; choice biases; choice variability; decision making; neuroeconomics; subjective value
Mesh:
Year: 2022 PMID: 35334232 PMCID: PMC9119943 DOI: 10.1016/j.neuron.2022.03.002
Source DB: PubMed Journal: Neuron ISSN: 0896-6273 Impact factor: 18.688