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Asymmetric valuation of gains and losses in effort-based decision making

Our decisions are often swayed by a desire to avoid losses over a desire to acquire gains. While loss aversion has been confirmed for decisions about money or commodities, it is unclear how individuals generally value gains relative to losses in effort-based decisions. For example, do individuals av...

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Detalles Bibliográficos
Autores principales: O’Brien, Megan K., Ahmed, Alaa A.
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Public Library of Science 2019
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC6793877/
https://www.ncbi.nlm.nih.gov/pubmed/31613891
http://dx.doi.org/10.1371/journal.pone.0223268
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author O’Brien, Megan K.
Ahmed, Alaa A.
author_facet O’Brien, Megan K.
Ahmed, Alaa A.
author_sort O’Brien, Megan K.
collection PubMed
description Our decisions are often swayed by a desire to avoid losses over a desire to acquire gains. While loss aversion has been confirmed for decisions about money or commodities, it is unclear how individuals generally value gains relative to losses in effort-based decisions. For example, do individuals avoid greater work more than they seek out less work? We examined this question in the context of physical effort, using an arm-reaching task in which decreased effort was framed as a gain and increased effort was framed as a loss. Subjects performed reaching movements against different levels of resistance that increased or decreased the effort demands of the reaches. They then chose to accept or reject various lotteries, each with a possibility of performing less effortful reaches and a possibility of performing more effortful reaches, compared to the certain outcome of performing reaches against a fixed reference level of effort. Subjects avoided higher effort conditions more than they sought lower effort conditions, demonstrating asymmetric valuation of gains and losses. Using prospect theory, we explored various model formulations to determine subject-specific valuation of effort in these mixed gambles. A nonlinear model of effort valuation demonstrating increasing sensitivity to absolute effort best described the effort lottery choices. In contrast to the loss-aversion observed in financial decisions, there was no evidence of loss aversion in effort-based decisions. Rather, we observed moderate relief-seeking behavior. This model confirms that gains and losses are valued asymmetrically. This is due to the combined effects of increasing sensitivity to absolute effort and moderate relief-seeking, leading to a net effect of greater avoidance of higher effort. Asymmetric valuation was magnified on a later day of testing. In contrast, subjects were loss-averse in a comparable financial task. We suggest that consideration of nonlinear effort valuation can inform future studies of sensorimotor control and exercise motivation.
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spelling pubmed-67938772019-10-25 Asymmetric valuation of gains and losses in effort-based decision making O’Brien, Megan K. Ahmed, Alaa A. PLoS One Research Article Our decisions are often swayed by a desire to avoid losses over a desire to acquire gains. While loss aversion has been confirmed for decisions about money or commodities, it is unclear how individuals generally value gains relative to losses in effort-based decisions. For example, do individuals avoid greater work more than they seek out less work? We examined this question in the context of physical effort, using an arm-reaching task in which decreased effort was framed as a gain and increased effort was framed as a loss. Subjects performed reaching movements against different levels of resistance that increased or decreased the effort demands of the reaches. They then chose to accept or reject various lotteries, each with a possibility of performing less effortful reaches and a possibility of performing more effortful reaches, compared to the certain outcome of performing reaches against a fixed reference level of effort. Subjects avoided higher effort conditions more than they sought lower effort conditions, demonstrating asymmetric valuation of gains and losses. Using prospect theory, we explored various model formulations to determine subject-specific valuation of effort in these mixed gambles. A nonlinear model of effort valuation demonstrating increasing sensitivity to absolute effort best described the effort lottery choices. In contrast to the loss-aversion observed in financial decisions, there was no evidence of loss aversion in effort-based decisions. Rather, we observed moderate relief-seeking behavior. This model confirms that gains and losses are valued asymmetrically. This is due to the combined effects of increasing sensitivity to absolute effort and moderate relief-seeking, leading to a net effect of greater avoidance of higher effort. Asymmetric valuation was magnified on a later day of testing. In contrast, subjects were loss-averse in a comparable financial task. We suggest that consideration of nonlinear effort valuation can inform future studies of sensorimotor control and exercise motivation. Public Library of Science 2019-10-15 /pmc/articles/PMC6793877/ /pubmed/31613891 http://dx.doi.org/10.1371/journal.pone.0223268 Text en © 2019 O’Brien, Ahmed http://creativecommons.org/licenses/by/4.0/ This is an open access article distributed under the terms of the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0/) , which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.
spellingShingle Research Article
O’Brien, Megan K.
Ahmed, Alaa A.
Asymmetric valuation of gains and losses in effort-based decision making
title Asymmetric valuation of gains and losses in effort-based decision making
title_full Asymmetric valuation of gains and losses in effort-based decision making
title_fullStr Asymmetric valuation of gains and losses in effort-based decision making
title_full_unstemmed Asymmetric valuation of gains and losses in effort-based decision making
title_short Asymmetric valuation of gains and losses in effort-based decision making
title_sort asymmetric valuation of gains and losses in effort-based decision making
topic Research Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC6793877/
https://www.ncbi.nlm.nih.gov/pubmed/31613891
http://dx.doi.org/10.1371/journal.pone.0223268
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