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Thursday, April 01, 2021
10:00 AM - 11:00 AM
Online Event

T&C Chen Center for Social and Decision Neuroscience Seminar

Peril, Prudence and Planning as Risk, Avoidance and Worry
Peter Dayan, Professor of Informatics, University of Tübingen; Director of the Department of Computational Neuroscience, Max Planck Institute for Biological Cybernetics, University of Tübingen,

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Abstract: Risk occupies a central role in both the theory and practice of decision-making. Although it is deeply implicated in many conditions involving dysfunctional behavior and thought, modern theoretical approaches to understanding and mitigating risk in either one-shot or sequential settings, which are derived largely from finance and economics, have yet to permeate fully the fields of neural reinforcement learning and computational psychiatry. I will discuss the use of dynamic and static versions of one prominent approach, namely conditional value-at-risk, to examine both the nature of risk avoidant choices, encompassing such things as justified gambler's fallacies, and the optimal planning that can lead to consideration of such choices, with implications for offline, ruminative, thinking.

For more information, or if you are interested in attending this online seminar, please contact Liz Schroeder by email at eschroder@caltech.edu.