Risky choice: An examination of information acquisition behavior.
The monitoring of information acquisition behavior, along with other process tracing measures such as response times, was used to examine how individuals process information about gambles into a decision. Subjects indicated preferences among specially constructed three-outcome gambles. The number of alternatives available was varied across the sets of gambles. A majority of the subjects processed information about the gambles in ways inconsistent with compensatory models of risky decision making, such as information integration (Anderson & Shanteau, 1970). Furthermore, the inconsistency between observed information acquisition behavior and such compensatory rules increased as the choice task became more complex. Alternative explanations of risky choice behavior are considered.
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Related Subject Headings
- Experimental Psychology
- 5205 Social and personality psychology
- 5204 Cognitive and computational psychology
- 5202 Biological psychology
- 1702 Cognitive Sciences
- 1701 Psychology
- 1109 Neurosciences
Citation
Published In
DOI
EISSN
ISSN
Publication Date
Volume
Issue
Start / End Page
Related Subject Headings
- Experimental Psychology
- 5205 Social and personality psychology
- 5204 Cognitive and computational psychology
- 5202 Biological psychology
- 1702 Cognitive Sciences
- 1701 Psychology
- 1109 Neurosciences