Psychological Review, Vol 132(4), Jul 2025, 759-780; doi:10.1037/rev0000498
The efficient representation of visual information is essential for learning and decision making due to the complexity and uncertainty of the world, as well as inherent constraints on the capacity of cognitive systems. We hypothesize that biological agents learn to efficiently represent visual information in a manner that balances performance across multiple potentially competing objectives. In this article, we examine two such objectives: storing information in a manner that supports accurate recollection (maximizing veridicality) and in a manner that facilitates utility-based decision making (maximizing behavioral utility). That these two objectives may be in conflict is not immediately obvious. Our hypothesis suggests that neither behavior nor representation formation can be fully understood by studying either in isolation, with information processing constraints exerting an overarching influence. Alongside this hypothesis we develop a computational model of representation formation and behavior motivated by recent methods in machine learning and neuroscience. The resulting model explains both the beneficial aspects of human visual learning, such as fast acquisition and high generalization, as well as the biases that result from information constraints. To test this model, we developed two experimental paradigms, in decision making and learning, to evaluate how well the model’s predictions match human behavior. A key feature of the proposed model is that it predicts the occurrence of commonly found biases in human decision making, resulting from the desire to form efficient representations of visual information that are useful for behavioral goals in learning and decision making and optimized under an information processing constraint. (PsycInfo Database Record (c) 2025 APA, all rights reserved)