New work out in PNAS with @BlairShevlin @stephsmithphd and Jan Hausfeld! We find that high-value decisions are both fast AND accurate contradicting the ideas of diminishing value sensitivity and satisficing. Summary thread below. #neuroeconomics
doi.org/10.1073/pnas.2… 1/10 We already knew that decisions between high-value foods, gambles, and other rewards are made quickly. But there’s a debate about why. Some argue that it is adaptive – satisficing makes sense when all the options are good enough. Others think it is due to increased noise. 2/10