2021
DOI: 10.1098/rsif.2021.0082
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Optimal use of simplified social information in sequential decision-making

Abstract: Social animals can improve their decisions by attending to those made by others. The benefit of this social information must be balanced against the costs of obtaining and processing it. Previous work has focused on rational agents that respond optimally to a sequence of prior decisions. However, full decision sequences are potentially costly to perceive and process. As such, animals may rely on simpler social information, which will affect the social behaviour they exhibit. Here, I derive the optimal policy f… Show more

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Cited by 9 publications
(22 citation statements)
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References 48 publications
(80 reference statements)
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“…Other possible strategies include the use of the relative difference in the numbers of individuals favoring each option [ 58 , 59 ], the incorporation of decision order (e.g. by up-weighting recent choices [ 60 , 61 ], the consideration of conflicting preferences [ 62 ], or the incorporation of social information by a one-time update in the evidence [ 34 , 35 ]. The exact strategy of social information integration can influence the temporal dynamic of the collective process.…”
Section: Discussionmentioning
confidence: 99%
“…Other possible strategies include the use of the relative difference in the numbers of individuals favoring each option [ 58 , 59 ], the incorporation of decision order (e.g. by up-weighting recent choices [ 60 , 61 ], the consideration of conflicting preferences [ 62 ], or the incorporation of social information by a one-time update in the evidence [ 34 , 35 ]. The exact strategy of social information integration can influence the temporal dynamic of the collective process.…”
Section: Discussionmentioning
confidence: 99%
“…The proposed dynamics are therefore a suitable tool to advance theoretical research in cognitive ecology, which studies how animals acquire, retain, and use information within their ecology, evolution and behavior [75,76]. Within this area, research has begun to ask how agents' may evolve non-veridical or incomplete representations of the world [62,77,78]; the dynamic model presented here offers a tool to study the effect of non-veridical representations in greater depth.…”
Section: Discussionmentioning
confidence: 99%
“…I consider a group of n agents sequentially choosing between two options, A and B. The true utilities of A and B are unknown by the agents and may differ between agents; for agent i these are denoted as U A,i and U B , i , and I define the difference between these utilities as x i ≡ U A,i − U B,i (Mann, 2018, 2020). Agents are assumed to be rational decision-makers who seek to maximise the expected utility of their decision Von Neumann and Morgenstern (2007) based on the total information I that they have.…”
Section: Modelmentioning
confidence: 99%
“…Living in groups provides many advantages to social animals (Krause and Ruxton, 2002), including the opportunity to make use of ‘social information’ to improve the quality of decision-making (Ward et al, 2011; Wolf et al, 2013). Choices made by others are often a useful indicator of which option is best for oneself; if one trusts that others are acting rationally (Mann, 2018), and that they have similar preferences to oneself (Mann, 2020), then their decisions provide valuable clues about the quality of different options. However, when others are also attending to each other this can cause information cascades (Anderson and Holt, 1997; Bikhchandani et al, 1992), rendering all but a few decisions meaningless as sources of information.…”
Section: Introductionmentioning
confidence: 99%
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