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What is DR@W Forum?

DR@W Forum is an interdisciplinary discussion series which focuses on theoretical and empirical research about decision making.

The usual structure of the forum is a 30 - 45 minute introduction of the topic/working paper, with ample additional time for discussion.

The audience prefers discussing work-in-progress topics as opposed to finished papers. We meet on Thursdays between 2:30 and 3:45pm during term time, with streaming via Zoom. Contact John Taylor (John.Taylor[at]wbs.ac.uk) if you would like to suggest a speaker for a future event. Notifications of upcoming DR@W Forum events along with other decision research related activities can be obtained by registering with the moderated Behaviour Spotlight email listLink opens in a new window.

Note that several talks during the 2024/25 academic year are being hosted and organised by the Economics department. This is indicated in the calendar entries. These talks will all take place in the Social Studies building. If you require further details regarding these sessions, please contact Matthew Ridley (Matthew.Ridley[at]Warwick.ac.uk) in the Economics department.

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DR@W Forum: Erik Stuchly (Hamburg)

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Location: WBS 2.007

There is substantial evidence that humans engage their own decision-making mechanisms when predicting choices of others. According to one account, such predictions are implemented by the observer running a single simulation of the other person’s decision process in their mind and selecting the simulation outcome as the choice option. However, such an implementation would result in a large degree of stochasticity in predicted choices, thereby resulting in relatively low prediction accuracy.
In this talk, I will present an alternative idea - that observers could reduce uncertainty and increase prediction accuracy by simulating the decision between the same two options multiple times, sampling the outcomes of these simulations and then selecting the option corresponding to the most frequent outcome.

I will present results from a behavioural decision study employing the modified dictator game paradigm, aimed at testing whether we can identify behavioural indicators of sampling multiple simulation outcomes when participants predict other’s choices: specifically, whether participants show lower stochasticity and higher response times in predictions than self-decisions, after controlling for decision difficulty across these two conditions. I will complement these behavioural findings with analyses based on comparing the Drift-Diffusion model and a “sampling-of-decision-outcomes” model of choice. Together, these findings will shed light on potential differences between the mechanisms involved in making choices for ourselves and predicting the choices of others.

Tags: Draw Forum

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