Articlegold2016

Confidence as a Common Currency between Vision and Audition

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Decision-Making and Behavioral Economics Visual perception and processing mechanisms Multisensory perception and integration

Abstract

The idea of a common currency underlying our choice behaviour has played an important role in sciences of behaviour, from neurobiology to psychology and economics. However, while it has been mainly investigated in terms of values, with a common scale on which goods would be evaluated and compared, the question of a common scale for subjective probabilities and confidence in particular has received only little empirical investigation so far. The present study extends previous work addressing this question, by showing that confidence can be compared across visual and auditory decisions, with the same precision as for the comparison of two trials within the same task. We discuss the possibility that confidence could serve as a common currency when describing our choices to ourselves and to others.

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References

2019Theory of games and economic behavior 1945The Theory of Games and Economic Behavior 2012Ubiquitous Log Odds: A Common Representation of Probability and Frequency Distortion in Perception, Action, and Cognition 2002Combining Sensory Information: Mandatory Fusion Within, but Not Between, Senses 2004A Meta-Analysis of the Effect of Common Currencies on International Trade 2012When Are Two Heads Better than One and Why?1997The domain specificity and generality of overconfidence: Individual differences in performance estimation bias

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2019The Global Workspace Needs Metacognition 2017Behavioral, Modeling, and Electrophysiological Evidence for Supramodality in Human Metacognition 2016Metacognition in Multisensory Perception 2021Grounding Business Models: Cognition, Boundary Objects, and Business Model Change 2022Confidence in consciousness research 2019Contextual influence on confidence judgments in human reinforcement learning

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