Posts

Showing posts with the label overconfidence effect

Metastability and Eye Movements: A Dynamical‑Systems Interpretation

  1. Why metastability is a natural language for gaze behavior The idea that perception, attention, and neural activity evolve through transiently stable states has deep roots in cognitive science and neuroscience. Concepts such as attractors , basins , noise‑induced transitions , and escape times appear in work on perceptual switching, decision‑making, and neural population dynamics (Kelso, 1995; Rabinovich et al., 2008; Deco & Jirsa, 2012). Eye movements, especially the alternation between fixations and saccades ,   fit remarkably well into this metastable picture. The Freidlin–Wentzell theory of rare events (Freidlin & Wentzell, 2012) provides a rigorous mathematical language for these intuitions. 2. Fixations as metastable states  Consider the gaze position X t as the state of a stochastic dynamical system. During a fixation the  gaze remains confined to a small region, microsaccades and noise generate small fluctuations, and the gaze tends to return...

HERDING BEHAVIOR AND OVERCONFIDENCE EFFECT

Image
Behaviors and opinions of single individuals may be influenced by the dynamics operating within the groups where they interact. Likely, this influence is stronger when uncertainty characterizes the decisional stage [1] .  The conformity to common behaviors  has been explained originally in ethology by the selfish herd theory as an attempt to reduce the predation risk [2] . In human environment, the herd behaviors may take place in several situations and may affect deeply large groups of population. This is the case, for example, of the so called boom and bust phases in the stock markets. An explanation of the molding of a common decision (or opinion) within the financial markets has been given by the thought contagion theories , whereby single investors decide their operations by following the trend of the market. Thought contagion theories arose from the studies on epidemiological diffusion of pathologies within a population [3] and then they have been adapted to analyze ...

Popular posts from this blog

Diagnosing Singular Fits in Linear Mixed Models: Practical Examples, Code, and Alternatives

Understanding Anaerobic Threshold (VT2) and VO2 Max in Endurance Training

Unit Root Testing in Practice: A Tutorial on ADF–KPSS, Specification, and Diagnostics