Literature DB >> 36273073

Context-dependent choice and evaluation in real-world consumer behavior.

Aaron M Bornstein1, Kenway Louie2,3, A Ross Otto4, Sean Devine5, Eric Schulz6.   

Abstract

A body of work spanning neuroscience, economics, and psychology indicates that decision-making is context-dependent, which means that the value of an option depends not only on the option in question, but also on the other options in the choice set-or the 'context'. While context effects have been observed primarily in small-scale laboratory studies with tightly constrained, artificially constructed choice sets, it remains to be determined whether these context effects take hold in real-world choice problems, where choice sets are large and decisions driven by rich histories of direct experience. Here, we investigate whether valuations are context-dependent in real-world choice by analyzing a massive restaurant rating dataset as well as two independent replication datasets which provide complementary operationalizations of restaurant choice. We find that users make fewer ratings-maximizing choices in choice sets with higher-rated options-a hallmark of context-dependent choice-and that post-choice restaurant ratings also varied systematically with the ratings of unchosen restaurants. Furthermore, in a follow-up laboratory experiment using hypothetical choice sets matched to the real-world data, we find further support for the idea that subjective valuations of restaurants are scaled in accordance with the choice context, providing corroborating evidence for a general mechanistic-level account of these effects. Taken together, our results provide a potent demonstration of context-dependent choice in real-world choice settings, manifesting both in decisions and subjective valuation of options.
© 2022. The Author(s).

Entities:  

Year:  2022        PMID: 36273073     DOI: 10.1038/s41598-022-22416-5

Source DB:  PubMed          Journal:  Sci Rep        ISSN: 2045-2322            Impact factor:   4.996


  21 in total

1.  Prospect relativity: how choice options influence decision under risk.

Authors:  Neil Stewart; Nick Chater; Henry P Stott; Stian Reimers
Journal:  J Exp Psychol Gen       Date:  2003-03

2.  Not just for consumers: context effects are fundamental to decision making.

Authors:  Jennifer S Trueblood; Scott D Brown; Andrew Heathcote; Jerome R Busemeyer
Journal:  Psychol Sci       Date:  2013-04-22

3.  It's all relative: Reward-induced cognitive control modulation depends on context.

Authors:  A Ross Otto; Eliana Vassena
Journal:  J Exp Psychol Gen       Date:  2020-08-13

4.  Perceptuo-motor, cognitive, and description-based decision-making seem equally good.

Authors:  Andreas Jarvstad; Ulrike Hahn; Simon K Rushton; Paul A Warren
Journal:  Proc Natl Acad Sci U S A       Date:  2013-09-18       Impact factor: 11.205

5.  The price of pain and the value of suffering.

Authors:  Ivo Vlaev; Ben Seymour; Raymond J Dolan; Nick Chater
Journal:  Psychol Sci       Date:  2009-02-23

6.  Consistent patterns of distractor effects during decision making.

Authors:  Bolton Kh Chau; Chun-Kit Law; Alizée Lopez-Persem; Miriam C Klein-Flügge; Matthew Fs Rushworth
Journal:  Elife       Date:  2020-07-06       Impact factor: 8.140

7.  Value-based attention but not divisive normalization influences decisions with multiple alternatives.

Authors:  Sebastian Gluth; Nadja Kern; Maria Kortmann; Cécile L Vitali
Journal:  Nat Hum Behav       Date:  2020-02-03

8.  Efficient coding of subjective value.

Authors:  Rafael Polanía; Michael Woodford; Christian C Ruff
Journal:  Nat Neurosci       Date:  2018-12-17       Impact factor: 24.884

9.  Reference-point centering and range-adaptation enhance human reinforcement learning at the cost of irrational preferences.

Authors:  Sophie Bavard; Maël Lebreton; Mehdi Khamassi; Giorgio Coricelli; Stefano Palminteri
Journal:  Nat Commun       Date:  2018-10-29       Impact factor: 14.919

10.  A map of decoy influence in human multialternative choice.

Authors:  Tsvetomira Dumbalska; Vickie Li; Konstantinos Tsetsos; Christopher Summerfield
Journal:  Proc Natl Acad Sci U S A       Date:  2020-09-21       Impact factor: 11.205

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