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Confidence ratings increase response thresholds in decision making

Li, Baike; Hu, Xiao; Shanks, David R; Su, Ningxin; Zhao, Wenbo; Meng, Liu; Lei, Wei; ... Yang, Chunliang; + view all (2024) Confidence ratings increase response thresholds in decision making. Psychonomic Bulletin & Review , 31 pp. 1093-1102. 10.3758/s13423-023-02380-5. Green open access

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Abstract

Many mental processes are reactive - they are altered as a result of introspection and monitoring. It has been documented that soliciting trial-by-trial confidence ratings (CRs) reactively improves decision accuracy and lengthens response times (RTs), but the cognitive mechanisms underlying CR reactivity in decision-making remain unknown. The current study conducted two experiments and employed the drift-diffusion model (DDM) to explore why reporting confidence reactively alters the decision-making process. The results showed that CRs led to enhanced decision accuracy, longer RTs, and higher response thresholds. The findings are consistent with an increased conservatism hypothesis which asserts that soliciting CRs provokes feelings of uncertainty and makes individuals more cautious in their decision making.

Type: Article
Title: Confidence ratings increase response thresholds in decision making
Location: United States
Open access status: An open access version is available from UCL Discovery
DOI: 10.3758/s13423-023-02380-5
Publisher version: https://doi.org/10.3758/s13423-023-02380-5
Language: English
Additional information: This version is the author accepted manuscript. For information on re-use, please refer to the publisher’s terms and conditions.
Keywords: Confidence rating, Decision-making, Drift diffusion model, Reactivity effect, Response threshold
UCL classification: UCL
UCL > Provost and Vice Provost Offices > School of Life and Medical Sciences
UCL > Provost and Vice Provost Offices > School of Life and Medical Sciences > Faculty of Brain Sciences
UCL > Provost and Vice Provost Offices > School of Life and Medical Sciences > Faculty of Brain Sciences > Div of Psychology and Lang Sciences
UCL > Provost and Vice Provost Offices > School of Life and Medical Sciences > Faculty of Brain Sciences > Div of Psychology and Lang Sciences > Experimental Psychology
URI: https://discovery-pp.ucl.ac.uk/id/eprint/10178726
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