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CMarvin
27th June 2008, 06:16.45 PM
I found this interesting in a horseplayer context: (An abbreviated version of this Wall Street article.)

THE WALL STREET JOURNAL

Science Journal by Robert Lee Hotz

Get Out of Your Own Way
Studies Show the Value of Not Overthinking a Decision
June 27, 2008; Page A9

Fishing in the stream of consciousness, researchers now can detect our intentions and predict our choices before we are aware of them ourselves. The brain, they have found, appears to make up its mind 10 seconds before we become conscious of a decision -- an eternity at the speed of thought.

"We think our decisions are conscious," said neuroscientist John-Dylan Haynes at the Bernstein Center for Computational Neuroscience in Berlin, who is pioneering this research. "But these data show that consciousness is just the tip of the iceberg. This doesn't rule out free will, but it does make it implausible."

Through a series of intriguing experiments, scientists in Germany, Norway and the U.S. have analyzed the distinctive cerebral activity that foreshadows our choices. They have tracked telltale waves of change through the cells that orchestrate our memory, language, reason and self-awareness.

In ways we are only beginning to understand, the synapses and neurons in the human nervous system work in concert to perceive the world around them, to learn from their perceptions, to remember important experiences, to plan ahead, and to decide and act on incomplete information. In a rudimentary way, they predetermine our choices.

To probe what happens in the brain during the moments before people sense they've reached a decision, Dr. Haynes and his colleagues devised a deceptively simple experiment, reported in April in Nature Neuroscience. They monitored the swift neural currents coursing through the brains of student volunteers as they decided, at their own pace and at random, whether to push a button with their left or right hands.

In all, they tested seven men and seven women from 21 to 30 years old. They recorded neural changes associated with thoughts using a functional magnetic resonance imaging machine and analyzed the results with an experimental pattern-recognition computer program.

While inside the brain scanner, the students watched random letters stream across a screen. Whenever they felt the urge, they pressed a button with their right hand or a button with their left hand. Then they marked down the letter that had been on the screen in the instant they had decided to press the button.

Studying the brain behavior leading up to the moment of conscious decision, the researchers identified signals that let them know when the students had decided to move 10 seconds or so before the students knew it themselves. About 70% of the time, the researchers could also predict which button the students would push.
"It's quite eerie," said Dr. Haynes.

Other researchers have pursued the act of decision deeper into the subcurrents of the brain.

In experiments with laboratory animals reported this spring, Caltech neuroscientist Richard Anderson and his colleagues explored how the effort to plan a movement forces cells throughout the brain to work together, organizing a choice below the threshold of awareness. Tuning in on the electrical dialogue between working neurons, they pinpointed the cells of what they called a "free choice" brain circuit that in milliseconds synchronized scattered synapses to settle on a course of action.

"It suggests we are looking at this actual decision being made," Dr. Anderson said. "It is pretty fast."

And when those networks momentarily malfunction, people do make mistakes. Working independently, psychologist Tom Eichele at Norway's University of Bergen monitored brain activity in people performing routine tasks and discovered neural static -- waves of disruptive signals -- preceded an error by up to 30 seconds. "Thirty seconds is a long time," Dr. Eichele said.

Such experiments suggest that our best reasons for some choices we make are understood only by our cells. The findings lend credence to researchers who argue that many important decisions may be best made by going with our gut -- not by thinking about them too much.

Dutch researchers led by psychologist Ap Dijksterhuis at the University of Amsterdam recently found that people struggling to make relatively complicated consumer choices -- which car to buy, apartment to rent or vacation to take [or selection and wager choices] -- appeared to make sounder decisions when they were distracted and unable to focus consciously on the problem. [At the track or at a tournament?]

Moreover, the more factors to be considered in a decision, the more likely the unconscious brain handled it all better, they reported in the peer-reviewed journal Science in 2006. "The idea that conscious deliberation before making a decision is always good is simply one of those illusions consciousness creates for us," Dr. Dijksterhuis said.

DanG
27th June 2008, 09:41.01 PM
Fascinating subject and thanks for the article CM.

OPM
27th June 2008, 11:53.33 PM
This is a great subject that can take books but I will try to add my 2 cents in one paragraph.
There are some who believe that the human brain is hardwired in certain sequences, Fibonacci(0,1,2,3,5,8,13,21) where the next number is the sum of the previous 2 numbers.
This is used every single day in trading. Now, you can argue that if everyone is looking at it then it becomes a self fulfilling prophecy but I really don't think so. It is rare that stocks go up or down for more than a few days, mins, hours in a row, 2 day up, 1 day down, etc.
You can use this when you bet, if you've won 3 races in a row, the odds MAY be stacked subconsciously against you and you may not even know it!!!
This will be fertile ground for research in the years to come.

DanG
28th June 2008, 04:50.41 AM
This book by Malcolm Gladwell was very interesting imo;

Blink: The Power of Thinking Without Thinking

http://www.amazon.com/Blink-Power-Thinking-Without/dp/0316010669/ref=pd_bbs_sr_1?ie=UTF8&s=books&qid=1214645646&sr=1-1

Amazon review:

Blink is about the first two seconds of looking--the decisive glance that knows in an instant. Gladwell, the best-selling author of The Tipping Point, campaigns for snap judgments and mind reading with a gift for translating research into splendid storytelling. Building his case with scenes from a marriage, heart attack triage, speed dating, choking on the golf course, selling cars, and military maneuvers, he persuades readers to think small and focus on the meaning of "thin slices" of behavior. The key is to rely on our "adaptive unconscious"--a 24/7 mental valet--that provides us with instant and sophisticated information to warn of danger, read a stranger, or react to a new idea.

Gladwell includes caveats about leaping to conclusions: marketers can manipulate our first impressions, high arousal moments make us "mind blind," focusing on the wrong cue leaves us vulnerable to "the Warren Harding Effect" (i.e., voting for a handsome but hapless president). In a provocative chapter that exposes the "dark side of blink," he illuminates the failure of rapid cognition in the tragic stakeout and murder of Amadou Diallo in the Bronx. He underlines studies about autism, facial reading and cardio uptick to urge training that enhances high-stakes decision-making. In this brilliant, cage-rattling book, one can only wish for a thicker slice of Gladwell's ideas about what Blink Camp might look like. --Barbara Mackoff --This text refers to the Hardcover edition.

Snagaltooth
30th June 2008, 07:47.10 AM
Now I want to see a study about why I change my mind all the time. I wonder how fast that happens?

Mall
1st July 2008, 05:53.30 AM
If you're anything like me Snagaltooth, your mind changes at approximately the same rate as the odds change.

A year or two ago, Dave Litfin touted "Blink" as an excellent non-handicapping handicapping book, but personally I think Gladwell's earlier book, "Tipping Point", is even better. In my estimation, Gladwell is himself an original thinker, and one of the most interesting and best young writers around.

One conscious (I think) horse racing related decision I reached last week was to not attend the BC for the first time in many years. Two years ago at CD seats near the finish line were $150 each, which went to $300 at Mth, although they did add a second day. This year what I'm assuming are comparable seats have doubled again to $600, although those might not be as good, as the application offers the option of a possible upgrade if you're willing to shell out between $800 and $1000. The evidence is admittedly anecdotal, but I'm getting a very strong vibe that I'm not the only one who thinks that this latest price hike is simply too much, and I wouldn't be at all surprised if this is the first BC in many years which doesn't even come close to selling out.