The dynamics of choice in a changing world: Effects of full and partial feedback.

We explored the dynamics of choice behavior while the values of the options changed, unannounced, several times. In particular, choice dynamics were compared when the outcome values of all available options were known (full feedback) and when the outcome value of only the chosen option was known (pa...

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Publicado en:Memory & Cognition Vol. 45; no. 1; pp. 1 - 12
Autores principales: Avrahami, Judith, Kareev, Yaakov, Fiedler, Klaus
Formato: Artículo
Publicado: Springer Nature Jan2017
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Acceso en línea:Ver este registro en EBSCOhost
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      dt: Jan2017
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        10.3758/s13421-016-0637-4
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        atl: The dynamics of choice in a changing world: Effects of full and partial feedback.
      aug:
        au:
          Avrahami, Judith
          Kareev, Yaakov
          Fiedler, Klaus
        affil:
          Federmann Center for the Study of Rationality and School of Education , Hebrew University of Jerusalem , Edmund Safra Campus Jerusalem 91904 Israel
          Psychological Institute , Heidelberg University , Heidelberg Germany
      su:
        Behavior
        Decision making
        Memory
      sug:
        subj:
          Behavior
          Decision making
          Memory
      keyword:
        Changing environments
        Choice dynamics
        Feedback
        Uncertainty
        Changing environments
        Choice dynamics
        Feedback
        Uncertainty
      ab: We explored the dynamics of choice behavior while the values of the options changed, unannounced, several times. In particular, choice dynamics were compared when the outcome values of all available options were known (full feedback) and when the outcome value of only the chosen option was known (partial feedback). The frequency of change, the values of the options, and the difference between them were also manipulated. In an experiment with N = 427, we found that the patterns of choices were different for the two levels of feedback. Whereas behavior in the full-feedback condition showed a tendency to switch choices following a missed opportunity-replicating previous findings-the behavior in the partial-feedback condition was different. It was sensitive to the outcome value of the chosen option in comparison to some memory of the last-experienced outcome value of the unchosen option. However, the comparison of these two values influenced choice behavior only when the outcome of the currently chosen option was satisfactory and the last outcome of the unchosen one was not. As expected, the other manipulated variables (change frequency, the options' values, and the difference between them) had no effect on the dynamics of behavior.
      pubtype: Academic Journal
      doctype: Article
      src: R
    language: English
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