Dynamic influences on static measures of metacognition

The authors show that current measures of metacognition are confounded with response caution, both in simulations and empirical data. They propose an alternative dynamic measure of metacognition. Humans differ in their capability to judge choice accuracy via confidence judgments. Popular signal detection theoretic measures of metacognition, such as M-ratio, do not consider the dynamics of decision making. This can be problematic if response caution is shifted to alter the tradeoff between speed and accuracy. Such shifts could induce unaccounted-for sources of variation in the assessment of metacognition. Instead, evidence accumulation frameworks consider decision making, including the computation of confidence, as a dynamic process unfolding over time. Using simulations, we show a relation between response caution and M-ratio. We then show the same pattern in human participants explicitly instructed to focus on speed or accuracy. Finally, this association between M-ratio and response caution is also present across four datasets without any reference towards speed. In contrast, when data are analyzed with a dynamic measure of metacognition, v-ratio, there is no effect of speed-accuracy tradeoff.