Skip to main navigation Skip to main content
info(at)avldigital.remove-this.de
Deutsch English
Narrow Search
Search narrowed by
Last searches

Results for *

Displaying results 1 to 2 of 2.

  1. Fast then slow
    a choice process explanation for the attraction effect
    Author: Gaudeul, Alexia; Crosetto, Paolo
    Published: [2019]
    Publisher:  Center for European, Governance and Economic Development Research, cege, Georg-August-Universität Göttingen, [Göttingen]

    In this paper we provide choice-process experimental evidence that the attraction effect is a short-term phenomenon, that disappears when individuals are given time and incentives to revise their choices. The attraction (or decoy) effect is the most... more

    Access:
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 42
    Inter-library loan:
    No inter-library loan

     

    In this paper we provide choice-process experimental evidence that the attraction effect is a short-term phenomenon, that disappears when individuals are given time and incentives to revise their choices. The attraction (or decoy) effect is the most prominent example of context effects, and it appears when adding a dominated option to a choice set increases the choice share of the now dominant option at the expense of other options. While widely replicated, the attraction effect is usually tested in hypothetical or payoff-irrelevant situations and without following the choice process. We run a laboratory experiment where we incentivize choice, vary the difference in utility between options and track which option participants consider best over time. We find that the effect is a transitory phenomenon that emerges only in the early stages of the choice process to later disappear. Participants are fast then slow: they first choose the dominant option to avoid the dominated decoy and then progressively revise their choices until choice shares come to correspond to price differences only. We expand our analysis by considering differences in utility among options and differences in the presentation of options (numerical or graphical). We also consider differences in the choice processes followed by individuals (intuitive vs. deliberative). This allows us to ascribe more precisely the role of fast and slow cognitive process in the emergence and disappearance of the attraction effect.

     
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/209649
    Series: Discussion papers / Center for European, Governance and Economic Development Research ; number 386 (December 2019)
    Subjects: asymmetric dominance; attraction effect; induced preferences; choice process; time constraint; rationality; context effects
    Scope: 1 Online-Ressource (circa 42 Seiten), Illustrationen
  2. Foreign Language Reading Comprehension Under The Impact Of Two Factors
    Schema And Time Constraint
    Author: Nguyen, Trang
    Published: 2013
    Publisher:  LAP LAMBERT Academic Publishing, Saarbrücken

    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9783659412523; 365941252X
    Other identifier:
    9783659412523
    Edition: 1. Aufl.
    Other subjects: (Produktform)Electronic book text; Standardized Tests; English as a Foreign Language; schemata; time constraint; English acquisition/performance; reading comprehension; (VLB-WN)1564: Englische Sprachwissenschaft, Literaturwissenschaft
    Scope: Online-Ressource
    Notes:

    Lizenzpflichtig. - Vom Verlag als Druckwerk on demand angeboten