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Participants provided information about their childhood by rating the confidence that they had experienced various events (e.g., 'broke a window playing ball'). On some trials, participants unscrambled a key word from the event-phrase (e.g., wdinwo – window) or an unrelated word (e.g., gnutge...
Persistent link: https://www.econbiz.de/10005585753
According to the recognition heuristic (RH) theory, decisions follow the recognition principle: Given a high validity of the recognition cue, people should prefer recognized choice options compared to unrecognized ones. Assuming that the memory strength of choice options is strongly correlated...
Persistent link: https://www.econbiz.de/10008835329
Decision research in psychology has traditionally been influenced by the \textit{homo oeconomicus} metaphor with its emphasis on normative models and deviations from the predictions of those models. In contrast, the principal metaphor of cognitive psychology conceptualizes humans as `information...
Persistent link: https://www.econbiz.de/10005773051
The authors review their own empirical work inspired by the adaptive toolbox metaphor. The review examines factors influencing strategy selection and execution in multi-attribute inference tasks (e.g., information costs, time pressure, memory retrieval, dynamic environments, stimulus formats,...
Persistent link: https://www.econbiz.de/10005773083
Persistent link: https://www.econbiz.de/10009391253
Online product reviews, originally intended to reduce consumers’ pre-purchase search and evaluation costs, have become so numerous that they are now themselves a source for information overload. To help consumers find high-quality reviews faster, review rankings based on consumers’...
Persistent link: https://www.econbiz.de/10011001340