CCN meeting | Romy Frömer (Brown University USA)

10-06-2021 from 15:00 to 16:00

How well do I know this? Confidence as a weight for balancing multiple pieces of information in learning and decision-making

In support of goal-directed behavior, we can often leverage different kinds of information, such as our prior experience and our momentary experience. We rely on prior experience to generate expectations about the outcomes of our actions or for the most likely interpretation of our external world. Our prior experiences are often our best estimate on average and relying on these will lead to success most of the time so long as nothing changes. In the moment, we can dynamically update our best guess as additional information becomes available to refine those expectations. Now, momentary experiences can be more or less precise, and that precision will determine whether we do better or in fact worse using that information. We should therefore take that precision into account when balancing our prior experience and our momentary experience. In this talk I will present data from two studies showing that subjective confidence in one’s momentary experience supports this balance of different sources of information to optimize learning from feedback (Study 1) and decision-making (Study 2). Taken together, these studies show how metacognition can help dynamically regulate information-processing for goal-directed behavior, highlight implications for neural correlates of learning and decision-making, and offer novel leverage for helping people achieve their goals.