Topic: Multi-armed bandits

Uncertainty in learning and decision making

Uncertainty plays a critical role in reinforcement learning and decision making. However, exactly how subjective uncertainty influences behaviour remains unclear. Multi-armed bandits are a useful framework to gain more insight into this. Paired with computational tools such as Kalman filters, they allow us to closely characterize the interplay between trial-by-trial value, uncertainty, learning, and choice. In this talk, I will present recent research where we also measured participants visual fixations on the options in a multi-armed bandit task. The estimated value of each option, and the uncertainty in these estimations, influenced what subjects looked at in the period before making a choice and their subsequent choice, as additionally did fixation itself. Uncertainty also determined how long participants looked at the obtained outcomes. Our findings clearly show the importance of uncertainty in learning and decision making.