Abstract
Uncertainty presents a key challenge when learning how best to act to attain a desired outcome. People can report uncertainty in the form of confidence judgments, but how such judgments contribute to learning and subsequent decisions remains unclear. In a series of three experiments employing an operant learning task, we tested the hypothesis that confidence plays a central role in learning by regulating resource allocation to the seeking and processing of feedback. We predicted that, as participants’ confidence in their task knowledge grew, they would discount feedback when it was provided and be correspondingly less willing to pay for it when it was costly. Consistent with these predictions, we found that higher confidence was associated with reduced electrophysiological markers of feedback processing and decreased updating of beliefs following feedback receipt. Bayesian modeling suggests that this decrease in processing was due to a drop in the expected informative value of novel information when participants were highly confident. Thus, when choosing whether to pay a fee to receive further feedback, participants’ subjective confidence, rather than the objective accuracy of their decisions, guided their choices. Overall, our results suggest that confidence regulates learning and subsequent decision making.
Original language | English |
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Pages (from-to) | 80-95 |
Number of pages | 16 |
Journal | Journal of Experimental Psychology: General |
Volume | 154 |
Issue number | 1 |
Early online date | 11 Nov 2024 |
DOIs | |
Publication status | E-pub ahead of print - 11 Nov 2024 |
Funding
Michael Ben Yehuda was funded by an Economic and Social Research Council Doctoral Training Centre studentship (Grant ES/J500112/1). Open Access funding provided by University of Bath
Keywords
- confidence
- decision making
- electroencephalographic
- learning
- metacognition
ASJC Scopus subject areas
- Experimental and Cognitive Psychology
- General Psychology
- Developmental Neuroscience