Overview

Animal Decisions

Acquiring Information

• Probability meters
• Prior probabilities
• Red lines and optimal decisions
• Gaining additional information
• Conditional probabilities and signal coding
• Updating

Dynamic Decision Making

Biased Decision Making

• Types of biases
• Explanations for biases: Curvilinear utility functions
• Explanations for biases: Weber’s law
• Explanations for biases: Other considerations

Coding Strategies

• Signal set design
• Mapping schemes
• Measures of coding effectiveness
• So, what is information?