Literature DB >> 16822156

Adaptive flexibility and maladaptive routines in selecting fast and frugal decision strategies.

Arndt Bröder1, Stefanie Schiffer.   

Abstract

Decision routines unburden the cognitive capacity of the decision maker. In changing environments, however, routines may become maladaptive. In 2 experiments with a hypothetical stock market game (n = 241), the authors tested whether decision routines tend to persist at the level of decision strategies rather than at the level of options in strategy selection. The payoff structure of the task was changed after 80 decision trials, rendering a new strategy optimal with respect to expected payoff. Whereas most participants detected the appropriate strategy at the beginning of the task, they tended to retain it even when it was no longer optimal. A hint about a possible change had only a small influence on this maladaptive routine; a monetary incentive had none. Switching to a similar but not identical task relaxed the routine, but not much. Copyright 2006 APA, all rights reserved.

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Year:  2006        PMID: 16822156     DOI: 10.1037/0278-7393.32.4.904

Source DB:  PubMed          Journal:  J Exp Psychol Learn Mem Cogn        ISSN: 0278-7393            Impact factor:   3.051


  7 in total

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  7 in total

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