Workshop on Perception and Choice

WORKSHOP ON PERCEPTION AND CHOICE

FRIDAY, MAY 8, 2015

9:00 a.M - 6:00 p.M.

208 WARREN HALL

1125 AMSTERDAM AVENUE

 The Program for Economic Research and the Center for Decision Science at Columbia University will sponsor a one-day interdisciplinary Workshop on Perception and Choice, to be held on May 8, 2015. The general aim of the Workshop is to explore the degree to which common cognitive and neural mechanisms may underly perceptual judgments and choices among actions. A particular focus will be the mechanisms that give rise to context effects.

In the case of choice behavior, context effects, such as the fact that people’s willingness to choose a particular option can be increased by adding other options (not themselves chosen) to the set of available choices, pose an important challenge to conventional models of rational choice, in which individual options should have intrinsic values to a given consumer that are independent of the other options that may be available. Context effects are, however, pervasive in perception, and in many cases, a great deal is known about the cognitive and even neurophysiological mechanisms that give rise to them. To what extent may similar mechanisms account for context effects in choice, and can ideas from the psychology and neuroscience of perception help in the construction of more adequate models of choice behavior? The Workshop will seek to open a dialogue between economists, decision scientists, vision scientists and computational neuroscientists on these issues.

 

Full Schedule

9:00

Arrival and breakfast

9:30-10:30

"Salience and Choice"
Presenter: Andrei Shleifer (Harvard University)
Discussant: Benedetto De Martino (University of Cambridge)

10:30-10:45

Break

10:45-11:45

"Modulation of Contextual Effects by Internal Costs"
Presenter: Mehrdad Jazayeri (Massachusetts Institute of Technology)
Discussant: Mark Dean (Brown University)

11:45-12:00

Break

12:00

"Choice and the Opportunity Cost of Time"
Presenter: Nathaniel Daw (New York University)
Discussant: Nicholas Barberis (Yale University)

1:00-2:30

Lunch, The Italian Academy

2:30-3:30

"A Range-Normalization Model of Context-Dependent Choice"
Presenter: Colin Camerer (California Institute of Technology)
Discussant: Ifat Levy (Yale University)

3:30-3:45

Break

3:45-4:45

"Quantum-Cognition Modeling of Context Effects on Human Choice Behavior"
Presenter: Jerome Busemeyer (Indiana University)
Co-Author: Joyce Wang (The Ohio State University)
Discussant: Jacob Feldman (Rutgers)

4:45-5:00

Break

17:00

"The Representation of Probability and Probability Density"
Presenter: Laurence Maloney (New York University)
Discussant: Randy Gallistel (Rutgers)
 

18:00

Adjourn

  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Each session will consist of 30 minutes presentation, 15 minutes discussion and 15 minutes audience discussion.

 

Directions to Warren Hall

Warren Hall is located at 1125 Amsterdam Avenue between 115th and 116th. View full campus map online.

Subway
 
Take the #1 train to 116th Street (Columbia University) stop.  Walk across campus towards Amsterdam Avenue and turn right on Amsterdam Avenue. Warren Hall is located on the right on Amsterdam Avenue. 
 

Bus

Four bus lines (M4, M11, M5 and M104) serve the Columbia/Morningside Heights area. View city bus map.

Car

From South

Exit the Henry Hudson Parkway at 96th Street and proceed east, crossing Broadway, and turn left (north) at the next light, Amsterdam Avenue. Proceed north on Amsterdam for 20 blocks to campus. In addition to street parking on Broadway and Amsterdam Avenue (metered), on Morningside Drive and on side streets, there is a garage on 114th Street between Broadway and Amsterdam Avenue (close to Amsterdam) on the south side of the street.

From North

Exit the Henry Hudson Parkway at 125th Street and proceed east, crossing Broadway, and turn right (south) at the next light, Amsterdam Avenue. Proceed south on Amsterdam for nine blocks to campus. See above for parking recommendations.