A core strength of computational psychiatry is its focus on theory-driven research, in which cognitive processes are precisely quantified using computational models that formalize specific theoretical mechanisms. However, the data used in these studies often come from traditional laboratory-based cognitive tasks, which have unclear ecological validity. In this review we propose that the same theoretical frameworks and computational models can be applied to real-world data such as experience sampling, passive data, and digital-behavior data (e.g., online activity such as on social media). In turn, modeling real-world data can benefit from a theory-driven computational approach to move from purely predictive to explanatory power. We illustrate these points using emerging studies and discuss the challenges and opportunities of using real-world data in computational psychiatry.

In both risky choice and perception, people overweight small and underweight large probabilities. While prospect theory models this with a probability weighting function, and Bayesian noisy coding mod...