Literature DB >> 35334232

Logistic analysis of choice data: A primer.

Camillo Padoa-Schioppa1.   

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.
Copyright © 2022 Elsevier Inc. All rights reserved.

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


  36 in total

1.  Visual fixations and the computation and comparison of value in simple choice.

Authors:  Ian Krajbich; Carrie Armel; Antonio Rangel
Journal:  Nat Neurosci       Date:  2010-09-12       Impact factor: 24.884

2.  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

3.  Behavior- and Modality-General Representation of Confidence in Orbitofrontal Cortex.

Authors:  Paul Masset; Torben Ott; Armin Lak; Junya Hirokawa; Adam Kepecs
Journal:  Cell       Date:  2020-06-05       Impact factor: 41.582

Review 4.  Probing perceptual decisions in rodents.

Authors:  Matteo Carandini; Anne K Churchland
Journal:  Nat Neurosci       Date:  2013-06-25       Impact factor: 24.884

5.  Neuronal origins of choice variability in economic decisions.

Authors:  Camillo Padoa-Schioppa
Journal:  Neuron       Date:  2013-12-04       Impact factor: 17.173

6.  Prefrontal coding of temporally discounted values during intertemporal choice.

Authors:  Soyoun Kim; Jaewon Hwang; Daeyeol Lee
Journal:  Neuron       Date:  2008-07-10       Impact factor: 17.173

7.  A range-normalization model of context-dependent choice: a new model and evidence.

Authors:  Alireza Soltani; Benedetto De Martino; Colin Camerer
Journal:  PLoS Comput Biol       Date:  2012-07-19       Impact factor: 4.475

8.  Inertia and Decision Making.

Authors:  Carlos Alós-Ferrer; Sabine Hügelschäfer; Jiahui Li
Journal:  Front Psychol       Date:  2016-02-16

9.  Neuronal evidence for good-based economic decisions under variable action costs.

Authors:  Xinying Cai; Camillo Padoa-Schioppa
Journal:  Nat Commun       Date:  2019-01-23       Impact factor: 14.919

10.  Neural mechanisms of economic choices in mice.

Authors:  Masaru Kuwabara; Ningdong Kang; Timothy E Holy; Camillo Padoa-Schioppa
Journal:  Elife       Date:  2020-02-25       Impact factor: 8.140

View more
  1 in total

1.  Neuronal origins of reduced accuracy and biases in economic choices under sequential offers.

Authors:  Weikang Shi; Sebastien Ballesta; Camillo Padoa-Schioppa
Journal:  Elife       Date:  2022-04-13       Impact factor: 8.713

  1 in total

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