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Bayesian versus heuristic-based choice under sleep restriction and suboptimal times of day

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  • Dickinson, David L.
  • McElroy, Todd

Abstract

This paper examines how a commonly experienced cognitive state, sleepiness, impacts choice in a Bayesian task. We implement an ecologically valid sleep manipulation, and our main result is the increased use of a simple reinforcement-heuristic when sleepy. While use of this heuristic leads to errors in difficult decision environments where Bayes rule and reinforcement conflict, it does not harm choice accuracy in easier environments where Bayes rule and reinforcement coincide. Our results overall are consistent with the hypothesis that individuals make decisions in a relatively less deliberative manner under common adverse sleep states, which gives rise to a relative increase in automatic or heuristic-based decision making. While such heuristic-based decisions that are promoted by sleepiness need not be suboptimal in all contexts, our results show that the accuracy of a Bayesian assessment in more complex decision environments will likely suffer when sleepy.

Suggested Citation

  • Dickinson, David L. & McElroy, Todd, 2019. "Bayesian versus heuristic-based choice under sleep restriction and suboptimal times of day," Games and Economic Behavior, Elsevier, vol. 115(C), pages 48-59.
  • Handle: RePEc:eee:gamebe:v:115:y:2019:i:c:p:48-59
    DOI: 10.1016/j.geb.2019.02.011
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    References listed on IDEAS

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    1. Ian Krajbich & Björn Bartling & Todd Hare & Ernst Fehr, 2015. "Rethinking fast and slow based on a critique of reaction-time reverse inference," Nature Communications, Nature, vol. 6(1), pages 1-9, November.
    2. Marco Castillo & David L. Dickinson & Ragan Petrie, 2017. "Sleepiness, choice consistency, and risk preferences," Theory and Decision, Springer, vol. 82(1), pages 41-73, January.
    3. Sean P. A. Drummond & Gregory G. Brown & J. Christian Gillin & John L. Stricker & Eric C. Wong & Richard B. Buxton, 2000. "Altered brain response to verbal learning following sleep deprivation," Nature, Nature, vol. 403(6770), pages 655-657, February.
    4. Dickinson, David L. & McElroy, Todd, 2017. "Sleep restriction and circadian effects on social decisions," European Economic Review, Elsevier, vol. 97(C), pages 57-71.
    5. repec:cup:judgdm:v:3:y:2008:i::p:181-190 is not listed on IDEAS
    6. David M. Grether, 1980. "Bayes Rule as a Descriptive Model: The Representativeness Heuristic," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 95(3), pages 537-557.
    7. Anja Achtziger & Carlos Alós-Ferrer, 2014. "Fast or Rational? A Response-Times Study of Bayesian Updating," Management Science, INFORMS, vol. 60(4), pages 923-938, April.
    8. Gary Charness & Dan Levin, 2005. "When Optimal Choices Feel Wrong: A Laboratory Study of Bayesian Updating, Complexity, and Affect," American Economic Review, American Economic Association, vol. 95(4), pages 1300-1309, September.
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    Citations

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    Cited by:

    1. David L. Dickinson, 2018. "An exploratory study of how sleep restriction impacts choice in two classic normal form games," Working Papers 18-02, Department of Economics, Appalachian State University.
    2. Castillo, Marco & Dickinson, David L., 2022. "Sleep restriction increases coordination failure," Journal of Economic Behavior & Organization, Elsevier, vol. 200(C), pages 358-370.
    3. Dickinson, David L. & Masclet, David, 2023. "Unethical decision making and sleep restriction: Experimental evidence," Games and Economic Behavior, Elsevier, vol. 141(C), pages 484-502.
    4. Todd McElroy & David L. Dickinson & Irwin P. Levin, 2019. "Thinking About Decisions: An Integrative Approach of Person and Task Factors," Working Papers 19-04, Department of Economics, Appalachian State University.
    5. Dickinson, David L. & Reid, Parker, 2023. "Gambling Habits and Probability Judgements in a Bayesian Task Environment," IZA Discussion Papers 16306, Institute of Labor Economics (IZA).
    6. David L. Dickinson, 2020. "Deliberation Enhances the Confirmation Bias in Politics," Games, MDPI, vol. 11(4), pages 1-25, November.
    7. David L. Dickinson & Eugenio Caleb Garbuio, 2020. "The Influence of Dietary Patterns on Outcomes in a Bayesian Choice Task," Working Papers 21-01, Department of Economics, Appalachian State University.
    8. McEvoy, David M. & Bruner, David M. & Dickinson, David L. & Drummond, Sean P.A., 2021. "Sleep restriction and strategy choice in cooperation and coordination games," Economics Letters, Elsevier, vol. 208(C).

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    More about this item

    Keywords

    Sleep restriction; Sleep deprivation; Reinforcement heuristic; Bayesian choice; Experiments;
    All these keywords.

    JEL classification:

    • C91 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Individual Behavior
    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making

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