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Teaching the Use of Cost-Benefit Reasoning in Everyday Life

Publication ,  Journal Article
Larrick, RP; Morgan, JN; Nisbett, RE
Published in: Psychological Science
January 1, 1990

Our research shows that people can apply the cost-benefit rules of microeconomic theory to their everyday decisions. Two populations were examined: (a) people who had previously received extensive formal training in the rules and (b) naive subjects who were randomly assigned to receive brief training in the rules. Training affected reasoning and reported behavior in both populations. The results indicate that extremely general rules govern choices across a wide range of domains and that use of the cost-benefit rules can be improved through training. © 1990, Association for Psychological Science. All rights reserved.

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Published In

Psychological Science

DOI

EISSN

1467-9280

ISSN

0956-7976

Publication Date

January 1, 1990

Volume

1

Issue

6

Start / End Page

362 / 370

Related Subject Headings

  • Experimental Psychology
  • 52 Psychology
  • 1702 Cognitive Sciences
  • 1701 Psychology
 

Citation

APA
Chicago
ICMJE
MLA
NLM
Larrick, R. P., Morgan, J. N., & Nisbett, R. E. (1990). Teaching the Use of Cost-Benefit Reasoning in Everyday Life. Psychological Science, 1(6), 362–370. https://doi.org/10.1111/j.1467-9280.1990.tb00243.x
Larrick, R. P., J. N. Morgan, and R. E. Nisbett. “Teaching the Use of Cost-Benefit Reasoning in Everyday Life.” Psychological Science 1, no. 6 (January 1, 1990): 362–70. https://doi.org/10.1111/j.1467-9280.1990.tb00243.x.
Larrick RP, Morgan JN, Nisbett RE. Teaching the Use of Cost-Benefit Reasoning in Everyday Life. Psychological Science. 1990 Jan 1;1(6):362–70.
Larrick, R. P., et al. “Teaching the Use of Cost-Benefit Reasoning in Everyday Life.” Psychological Science, vol. 1, no. 6, Jan. 1990, pp. 362–70. Scopus, doi:10.1111/j.1467-9280.1990.tb00243.x.
Larrick RP, Morgan JN, Nisbett RE. Teaching the Use of Cost-Benefit Reasoning in Everyday Life. Psychological Science. 1990 Jan 1;1(6):362–370.
Journal cover image

Published In

Psychological Science

DOI

EISSN

1467-9280

ISSN

0956-7976

Publication Date

January 1, 1990

Volume

1

Issue

6

Start / End Page

362 / 370

Related Subject Headings

  • Experimental Psychology
  • 52 Psychology
  • 1702 Cognitive Sciences
  • 1701 Psychology