11:00 - 12:30
Parallel sessions 2
11:00 - 12:30
Room: HSZ - N4
Chair/s:
Sebastian Hellmann
A feeling of confidence accompanies most of our decisions – whether we face uncertainty, evaluate risks and rewards, or make repeated choices over time. As research on metacognition expands beyond the domain of isolated perceptual judgments, computational models of confidence are increasingly being applied to dynamic and value-driven contexts, providing new insights into how people monitor and adjust their beliefs across decisions. This symposium brings together recent work that explores how confidence is formed, updated, and used in valuation and learning.

The session opens with Robin Vloeberghs who connects the first and second session with a critical perspective on the common assumption that individual decisions are independent. He demonstrates how fluctuations in internal decision criteria systematically influence confidence across repeated choices.
Second, Sebastian Hellmann, introduces a computational framework that integrates Cumulative Prospect Theory with an SDT–like confidence model, jointly capturing risky decision making and metacognitive evaluation, thereby connecting valuation under uncertainty with the principles highlighted across the other talks.
Going from description to learning risky outcomes, Rebecca West uses computational modelling to examine how people monitor their uncertainty when generalizing knowledge from learned risky options to unfamiliar ones. She investigates the strategies people use to infer the mean and variance of unknown payoff distributions through similarity-based generalisation, and how they track their own uncertainty in making these inferences.
Mean and variability are also key aspects of the context in many other learning paradigms. Alexandre Lietard investigates how confidence adapts to such environmental changes in value-based learning, showing that participants’ confidence increases with overall reward magnitudes—even when accuracy does not improve because of higher variability.
Going beyond classical reinforcement learning, Florian Scholten explores metacognition as certainty in attitude acquisition. By visualizing trajectories of confidence accompanying binary choices in evaluative probabilistic learning, he detects patterns of uncertainty reduction in forming positive and negative attitudes.
Together, the symposium compiles an integrative picture of how confidence is generated and updated across the domains of valuation, perception, and learning. By combining formal modeling with empirical data, this symposium highlights principles that link decision uncertainty, subjective confidence, and adaptive behavior within a unified computational framework.
Submission 474
Similarity-Based Generalisation and Confidence in Risky Decision-Making
SymposiumTalk-03
Presented by: Rebecca West
Rebecca WestThorsten Pachur
Technical University of Munich, Germany
Confidence judgments reflect people’s ability to monitor their own uncertainty, yet little is known about how this monitoring operates when individuals must generalize knowledge from learned risky options to unfamiliar ones. In this study, we examine how people learn the reward structure of risky options, how they generalize this knowledge to novel options, and how their confidence tracks this process. Participants first learn how shape and color correspond to the mean and variance of payoff distributions by repeatedly observing outcomes from nine exemplar distributions. They then make confidence-weighted preference judgements for novel stimuli that vary systematically in similarity to the learned exemplars. Using computational modelling, we estimate similarity-based generalisation functions for both mean and variance information and examine how these inferred beliefs feed into subjective utility and confidence. This approach allows us to test not only how people infer the value of new options from known ones, but also whether generalisation differs across the two statistical dimensions of risky choice. By comparing alternative generalisation functions, we also identify the specific strategies that people use to evaluate unfamiliar options. These findings show how people monitor their own uncertainty when judging novel risky prospects, offering new insights into the computational underpinnings of confidence and generalisation in experience-based choice.