Risk sensitivity and theory of mind in human coordination.

What humans do when exposed to uncertainty, incomplete information, and a dynamic environment influenced by other agents remains an open scientific challenge with important implications in both science and engineering applications. In these contexts, humans handle social situations by employing elab...

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Autores principales:	Pedro L Ferreira, Francisco C Santos, Sérgio Pequito
Formato:	article
Lenguaje:	EN
Publicado:	Public Library of Science (PLoS) 2021
Materias:	Biology (General) QH301-705.5
Acceso en línea:	https://doaj.org/article/3b733e4b2193415fb84f36d9effdce52
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spelling	oai:doaj.org-article:3b733e4b2193415fb84f36d9effdce522021-12-02T19:57:32ZRisk sensitivity and theory of mind in human coordination.1553-734X1553-735810.1371/journal.pcbi.1009167https://doaj.org/article/3b733e4b2193415fb84f36d9effdce522021-07-01T00:00:00Zhttps://doi.org/10.1371/journal.pcbi.1009167https://doaj.org/toc/1553-734Xhttps://doaj.org/toc/1553-7358What humans do when exposed to uncertainty, incomplete information, and a dynamic environment influenced by other agents remains an open scientific challenge with important implications in both science and engineering applications. In these contexts, humans handle social situations by employing elaborate cognitive mechanisms such as theory of mind and risk sensitivity. Here we resort to a novel theoretical model, showing that both mechanisms leverage coordinated behaviors among self-regarding individuals. Particularly, we resort to cumulative prospect theory and level-k recursions to show how biases towards optimism and the capacity of planning ahead significantly increase coordinated, cooperative action. These results suggest that the reason why humans are good at coordination may stem from the fact that we are cognitively biased to do so.Pedro L FerreiraFrancisco C SantosSérgio PequitoPublic Library of Science (PLoS)articleBiology (General)QH301-705.5ENPLoS Computational Biology, Vol 17, Iss 7, p e1009167 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	Biology (General) QH301-705.5
spellingShingle	Biology (General) QH301-705.5 Pedro L Ferreira Francisco C Santos Sérgio Pequito Risk sensitivity and theory of mind in human coordination.
description	What humans do when exposed to uncertainty, incomplete information, and a dynamic environment influenced by other agents remains an open scientific challenge with important implications in both science and engineering applications. In these contexts, humans handle social situations by employing elaborate cognitive mechanisms such as theory of mind and risk sensitivity. Here we resort to a novel theoretical model, showing that both mechanisms leverage coordinated behaviors among self-regarding individuals. Particularly, we resort to cumulative prospect theory and level-k recursions to show how biases towards optimism and the capacity of planning ahead significantly increase coordinated, cooperative action. These results suggest that the reason why humans are good at coordination may stem from the fact that we are cognitively biased to do so.
format	article
author	Pedro L Ferreira Francisco C Santos Sérgio Pequito
author_facet	Pedro L Ferreira Francisco C Santos Sérgio Pequito
author_sort	Pedro L Ferreira
title	Risk sensitivity and theory of mind in human coordination.
title_short	Risk sensitivity and theory of mind in human coordination.
title_full	Risk sensitivity and theory of mind in human coordination.
title_fullStr	Risk sensitivity and theory of mind in human coordination.
title_full_unstemmed	Risk sensitivity and theory of mind in human coordination.
title_sort	risk sensitivity and theory of mind in human coordination.
publisher	Public Library of Science (PLoS)
publishDate	2021
url	https://doaj.org/article/3b733e4b2193415fb84f36d9effdce52
work_keys_str_mv	AT pedrolferreira risksensitivityandtheoryofmindinhumancoordination AT franciscocsantos risksensitivityandtheoryofmindinhumancoordination AT sergiopequito risksensitivityandtheoryofmindinhumancoordination
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Risk sensitivity and theory of mind in human coordination.

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