Robust consistency of choice switching in decisions from experience
Journal Title: Judgment and Decision Making - Year 2020, Vol 15, Issue 1
Abstract
Decision making is a multifaceted process but studies of individual differences in decision behavior typically use only the proportions of choices from different options as behavioral indices. I examine whether the probability of choice switching in decisions from experience, reflecting one’s exploration strategy, is consistent across sessions and tasks. In Study 1, I re-analyzed an experiment in which participants performed six decision tasks in two sessions that were 45 days apart. Choice switching rates were highly consistent across sessions and tasks, and their consistency exceeded that of rates of risky choices. In Study 2 I conducted a similar analysis for the Technion Prediction Tournament, and also found higher consistency across tasks in switching rates than in choice rates. Additionally, in both studies, there were moderate to high correlations between switching rates at the beginning and towards the end of the task. The results thus highlight an often overlooked but highly consistent and independent aspect of human behavior.
Authors and Affiliations
Eldad Yechiam
Keywords
Related Articles
- EP ID EP678459
- DOI -
- Views 144
- Downloads 0
A proximity effect in adults’ contamination intuitions
Magical beliefs about contagion via contact (Rozin, Nemeroff, Wane, & Sherrod, 1989) may emerge when people overgeneralize real-world mechanisms of contamination beyond their appropriate boundaries (Lindeman & Aarnio, 20...
Aggregating multiple probability intervals to improve calibration
We apply the principles of the “Wisdom of Crowds (WoC)” to improve the calibration of interval estimates. Previous research has documented the significant impact of the WoC on the accuracy of point estimates but only a f...
Stepwise training supports strategic second-order theory of mind
People model other people’s mental states in order to understand and predict their behavior. Sometimes they model what others think about them as well: “He thinks that I intend to stop.” Such second-order theory of mind...
Speakers’ choice of frame in binary choice: Effects of recommendation mode and option attractiveness
A distinction is proposed between recommending for preferred choice options and recommending against non-preferred choice options. In binary choice, both recommendation modes are logically, though not psychologically, eq...
Perceptions of water systems
Public understanding of the water system is vital in confronting contemporary water challenges, as public support is necessary for implementing measures to address shortages and repair infrastructure. In this study, univ...