Within-subject preference reversals in description- and experience-based choice

Camilleri, A and Newell, B 2009, 'Within-subject preference reversals in description- and experience-based choice', in N. Taatgen, J. van Rijn, J. Nerbonne and L. Schomaker (ed.) Proceedings of the 31st Annual Conference of the Cognitive Science Society, Amsterdam, Netherlands, 29 July - 1 August 2009, pp. 449-454.


Document type: Conference Paper
Collection: Conference Papers

Title Within-subject preference reversals in description- and experience-based choice
Author(s) Camilleri, A
Newell, B
Year 2009
Conference name 31st Annual Conference of the Cognitive Science Society
Conference location Amsterdam, Netherlands
Conference dates 29 July - 1 August 2009
Proceedings title Proceedings of the 31st Annual Conference of the Cognitive Science Society
Editor(s) N. Taatgen, J. van Rijn, J. Nerbonne and L. Schomaker
Publisher Cognitive Science Society
Place of publication Austin, United States
Start page 449
End page 454
Total pages 6
Abstract Numerous studies using between-subject designs have found that different decisions can be made about identical binary choice problems depending on whether the options are described or experienced. Using a within-subjects design we examined this Description-Experience 'gap' at the level of the individual. We found that: (1) the gap could be observed both at the group and the individual levels, (2) the gap was eliminated, at least at the group level, when controlling for sampling variability, and (3) riskier decisions were made by those with more positive risk attitudes, regardless of format. We conclude that the gap is likely a statistical phenomenon due to biased samples.
Keyword(s) decisions from experience
decisions from description
description-experience
risk taking
risky choice.
ISBN 9780976831853
Versions
Version Filter Type
Access Statistics: 125 Abstract Views  -  Detailed Statistics
Created: Thu, 15 Jan 2015, 08:26:00 EST by Catalyst Administrator
© 2014 RMIT Research Repository • Powered by Fez SoftwareContact us