Periodic Reporting for period 4 - SAMPLING (Searching for the Approximation Method used to Perform rationaL inference by INdividuals and Groups)
Période du rapport: 2023-10-01 au 2024-09-30
This promising approach has been used in existing work to explain biases in judgment. However, different algorithms have been used to explain different biases, and the existing data does not distinguish between sampling algorithms. The first aim of this action was to identify which sampling algorithm is used by the brain by collecting behavioural data on the sample generation process, and comparing it to a variety of sampling algorithms from computer science and statistics. The second aim was to show how the identified sampling algorithm can systematically generate classic probabilistic reasoning errors in individuals, with the goal of upending the longstanding consensus on these effects. Finally, the third aim was to investigate how the identified sampling algorithm provides a new perspective on group decision making biases and errors in financial decision making, and harness the algorithm to produce novel and effective ways for human and artificial experts to collaborate.
The conclusions of the action were that a self-consistent sampling approach can explain a wide range of behavioural data, including psychological time series, probabilistic reasoning errors, and financial forecasting. New ways for human and artificial agents to collaborate were identified.
The action’s detailed results were published in top-tier journals in the field, including four full-length publications in Psychological Review, two publications in Cognition, two publications in PLoS Computational Biology, one publication in Psychological Science, with others articles published and in preparation as well. Overview articles of the approach have appeared in Current Directions in Psychological Science and Perspectives on Psychological Science, and in several book chapters. In addition to publications, a up-to-date tagged list of the relevant literature has been maintained on the action’s website (https://www.sampling.warwick.ac.uk/(s’ouvre dans une nouvelle fenêtre)) while data and computer code implementing the models that were developed was disseminated in two R packages (samplr and samplrData).