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Minerva-DM (DM = decision making) is a memory-based model of choice, probability judgment, and frequency judgment. Minerva-DM and its predecessor, Minerva 2, are similar to neural network models and can be used to simulate human behavior. Minerva-DM has been used to account for many of the common heuristics and biases discovered in the judgment and decision-making literature, including the availability and representativeness heuristics, base-rate neglect, mere-exposure effect, overconfidence effect, Bayesian conservatism, and frequency judgment.

Minerva-DM was developed on the premise that memory processes serve as input into the higher-order processes of probability and frequency judgment. Thus, errors and biases that arise as part of the memory encoding or retrieval process are assumed to cascade into errors and biases in judgment. A number of studies support this contention. For example, overconfidence has been shown to covary with two main factors: the structure of the environment (the ecology) and how well information has been encoded in long-term memory. The idea that overconfidence is affected by how well information has been encoded suggests that the overconfidence effect is, in large part, a memory phenomenon rather than a judgment phenomenon. Moreover, it suggests that remediation of the over-confidence effect should focus on memory variables, not judgment variables.

Model Description

Minerva-DM and Minerva 2 are akin to a single-layer neural network model, where the input corresponds to a pattern of features extracted from the environment and the output is a function of the contents of memory that are activated by the input. Both Minerva 2 and Minerva-DM assume an exemplar-based memory representation where each individual experience (i.e., episode) is represented by a distinct memory trace. Multiple experiences of similar events are therefore assumed to result in multiple, albeit similar, memory traces stored in memory. Because Minerva-DM preserved the representational and computational details inherent in Minerva 2, it can be used to simulate a variety of effects in the recognition memory literature, as well as the aforementioned phenomena in the frequency judgment and probability judgment literatures. Through the use of simulation methodology, Minerva-DM is able to make a priori predictions regarding the relationship between memory and judgment without the need to evoke specialized heuristic mechanisms.

Assumptions

Minerva-DM is based on the recognition memory model called Minerva 2. Minerva 2 makes two fundamental assumptions: (1) Memory consists of a database of instances that represent an individual's past experiences, and (2) recognition memory judgments are based on a global familiarity signal derived by matching a memory cue against all traces in memory simultaneously. Minerva 2 has been used successfully to model the influence of different types of experience on people's recognition and frequency judgments.

Minerva-DM extended Minerva 2′s capability by adding two additional assumptions. First, Minerva-DM assumes that memory traces can be partitioned into components that represent “hypotheses,” “data,” and “context.” Hypotheses correspond to events about which the participant is making a judgment, such as a disease hypothesis or a treatment hypothesis. The data component corresponds to the information on which the participant is making his or her assessment, such as the symptoms associated with diseases in past patients. The context component corresponds to environmental or task information available to the decision maker. The second additional assumption is that Minerva-DM assumes a conditional memory search process rather than a global memory search. The conditional memory search process involves first activating those memory traces in long-term memory that are consistent with the observable data (the presenting symptoms of the patient being diagnosed). The participant is then assumed to estimate the relative frequency of various disease hypotheses within the set of traces activated by the initial observable data. The relative frequencies are then normalized through a comparison process to derive a conditional probability judgment corresponding to the probability of the hypothesis in light of the data, that is, p(H|D).

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