EconPapers    
Economics at your fingertips  
 

A Hierarchical Bayesian Model for Inferring and Decision Making in Multi-Dimensional Volatile Binary Environments

Changbo Zhu, Ke Zhou, Fengzhen Tang, Yandong Tang, Xiaoli Li and Bailu Si ()
Additional contact information
Changbo Zhu: State Key Laboratory of Robotics, Shenyang Institute of Automation, Chinese Academy of Sciences, Shenyang 110016, China
Ke Zhou: Beijing Key Laboratory of Applied Experimental Psychology, School of Psychology, Beijing Normal University, Beijing 100875, China
Fengzhen Tang: State Key Laboratory of Robotics, Shenyang Institute of Automation, Chinese Academy of Sciences, Shenyang 110016, China
Yandong Tang: State Key Laboratory of Robotics, Shenyang Institute of Automation, Chinese Academy of Sciences, Shenyang 110016, China
Xiaoli Li: State Key Laboratory of Cognitive Neuroscience and Learning, Beijing Normal University, Beijing 100875, China
Bailu Si: School of Systems Science, Beijing Normal University, Beijing 100875, China

Mathematics, 2022, vol. 10, issue 24, 1-35

Abstract: The ability to track the changes of the surrounding environment is critical for humans and animals to adapt their behaviors. In high-dimensional environments, the interactions between each dimension need to be estimated for better perception and decision making, for example in volatile or social cognition tasks. We develop a hierarchical Bayesian model for inferring and decision making in multi-dimensional volatile environments. The hierarchical Bayesian model is composed of a hierarchical perceptual model and a response model. Using the variational Bayes method, we derived closed-form update rules. These update rules also constitute a complete predictive coding scheme. To validate the effectiveness of the model in multi-dimensional volatile environments, we defined a probabilistic gambling task modified from a two-armed bandit. Simulation results demonstrated that an agent endowed with the proposed hierarchical Bayesian model is able to infer and to update its internal belief on the tendency and volatility of the sensory inputs. Based on the internal belief of the sensory inputs, the agent yielded near-optimal behavior following its response model. Our results pointed this model a viable framework to explain the temporal dynamics of human decision behavior in complex and high dimensional environments.

Keywords: Bayesian inference; filtering; free energy; decision making; predictive coding; volatility (search for similar items in EconPapers)
JEL-codes: C (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.mdpi.com/2227-7390/10/24/4775/pdf (application/pdf)
https://www.mdpi.com/2227-7390/10/24/4775/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gam:jmathe:v:10:y:2022:i:24:p:4775-:d:1004699

Access Statistics for this article

Mathematics is currently edited by Ms. Emma He

More articles in Mathematics from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().

 
Page updated 2025-03-19
Handle: RePEc:gam:jmathe:v:10:y:2022:i:24:p:4775-:d:1004699