Literature DB >> 3156956

Individual differences in the use of simplification strategies in a complex decision-making task.

J Onken, R Hastie, W Revelle.   

Abstract

Decision time results were used to assess the strategies that 90 college undergraduates used in a complex decision-making task. Trend analyses revealed that the functions relating choice time to the number of choice alternatives in a set and the number of attributes comprising those alternatives contained linear (increasing) components. In addition, for a portion of the subjects, there was a quadratic effect of the number of attributes available to the decision maker on choice time, suggesting that these subjects adopted simplification strategies at high levels of task complexity. Reliable individual differences in these trend components were observed, consistent with individual differences in motivation and/or processing capacities. These individual differences were included in an information-processing model of decision behavior that captured the choice time data observed in this study. Subjects' ratings of apartments were used as a basis to assess the extent to which the use of simplification strategies resulted in preference reversals. Contrary to expectation, subjects whose choice times contained quadratic components demonstrated fewer preference reversals at high levels of information load.

Mesh:

Year:  1985        PMID: 3156956     DOI: 10.1037//0096-1523.11.1.14

Source DB:  PubMed          Journal:  J Exp Psychol Hum Percept Perform        ISSN: 0096-1523            Impact factor:   3.332


  3 in total

1.  An empirical study of the impact of complexity on participation in horserace betting.

Authors:  J E Johnson; A C Bruce
Journal:  J Gambl Stud       Date:  1997

Review 2.  Rise of the Machines: A Critical Review on the Behavioural Effects of Automating Traditional Gambling Games.

Authors:  Tess Armstrong; Matthew Rockloff; Nancy Greer; Phillip Donaldson
Journal:  J Gambl Stud       Date:  2017-09

3.  Qualitatively Coherent Representation Makes Decision-Making Easier with Binary-Colored Multi-Attribute Tables: An Eye-Tracking Study.

Authors:  Masahiro Morii; Takashi Ideno; Kazuhisa Takemura; Mitsuhiro Okada
Journal:  Front Psychol       Date:  2017-08-17
  3 in total

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