Bayesian Decision Making in Human Collectives with Binary Choices

Bayesian Decision Making in Human Collectives with Binary Choices

Here we focus on the description of the mechanisms behind the process of information aggregation and decision making, a basic step to understand emergent phenomena in society, such as trends, information spreading or the wisdom of crowds. In many situations, agents choose between discrete options. We analyze experimental data on binary opinion choices in humans. The data consists of two separat...

Making choices with a binary relation:

This article presents an axiomatic analysis of the best choice decision problem from a reflexive crisp binary relation on a finite set (a digraph). With respect to a transitive digraph, optimality and maximality are usually accepted as the best fitted choice axioms to the intuitive notion of best choice. However, beyond transitivity (resp. acyclicity), optimality and maximality can characterise...

Integrated Decision Making – The Choices

Binary decision making with very heterogeneous influence

We consider an extension of a binary decision model in which nodes make decisions based on influence-biased averages of their neighbors’ states, similar to Ising spin glasses with on-site random fields. In the limit where these influences become very heavy-tailed, the behavior of the model dramatically changes. On complete graphs, or graphs where nodes with large influence have large degree, th...

Dynamic Bayesian Decision - Making :