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Contribution Details

Type Journal Article
Scope Discipline-based scholarship
Title Value certainty and choice confidence are multidimensional constructs that guide decision-making
Organization Unit
Authors
  • Douglas G Lee
  • Todd Anthony Hare
Item Subtype Original Work
Refereed Yes
Status Published in final form
Language
  • English
Journal Title Cognitive, Affective, & Behavioral Neuroscience
Publisher Springer
Geographical Reach international
ISSN 1530-7026
Volume 23
Number 3
Page Range 503 - 521
Date 2023
Abstract Text The degree of certainty that decision-makers have about their evaluations of available choice alternatives and their confidence about selecting the subjectively best alternative are important factors that affect current and future value-based choices. Assessments of the alternatives in a given choice set are rarely unidimensional; their values are usually derived from a combination of multiple distinct attributes. For example, the taste, texture, quantity, and nutritional content of a snack food may all be considered when determining whether to consume it. We examined how certainty about the levels of individual attributes of an option relates to certainty about the overall value of that option as a whole and/or to confidence in having chosen the subjectively best available option. We found that certainty and confidence are derived from unequally weighted combinations of attribute certainties rather than simple, equal combinations of all sources of uncertainty. Attributes that matter more in determining choice outcomes also are weighted more in metacognitive evaluations of certainty or confidence. Moreover, we found that the process of deciding between two alternatives leads to refinements in both attribute estimations and the degree of certainty in those estimates. Attributes that are more important in determining choice outcomes are refined more during the decision process in terms of both estimates and certainty. Although certainty and confidence are typically treated as unidimensional, our results indicate that they, like value estimates, are subjective, multidimensional constructs.
Free access at DOI
Digital Object Identifier 10.3758/s13415-022-01054-4
Other Identification Number merlin-id:23814
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Keywords Behavioral neuroscience, cognitive neuroscience, multiattribute choice, metacognition, subjective value