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Testing the advantages of conscious vs. unconscious thought for complex decisions in a distraction free paradigm

McElroy, Todd; Dickinson, David L. - 2016

In this study we test predictions from Unconscious Thought Theory (UTT) that unconscious thought will lead to better decision making in complex decision tasks relative to conscious thought. Different from prior work testing this prediction, we use a method of manipulating conscious and...

Persistent link: https://www.econbiz.de/10011580853

Cognitive Abilities and Behavioral Biases

Oechssler, Joerg; Roider, Andreas; Schmitz, Patrick W. - 2021

We use a simple, three-item test for cognitive abilities to investigate whether established behavioral biases that play a prominent role in behavioral economics and finance are related to cognitive abilities. We find that higher test scores on the Cognitive Reflection Test of Frederick (2005)...

Persistent link: https://www.econbiz.de/10013324818

Cognitive abilities and behavioral biases

Oechssler, Joerg (contributor); Roider, Andreas (contributor) - 2008

Persistent link: https://www.econbiz.de/10003747336

Cognitive abilities and behavioral biases

Oechssler, Joerg; Roider, Andreas; Schmitz, Patrick W. - 2008

Persistent link: https://www.econbiz.de/10013443423

The curse of knowledge increases self-selection into competition : experimental evidence

Danz, David - 2014 - Rev.

The psychology literature provides ample evidence that people have difficulties taking the perspective of less-informed others. This paper presents a controlled experiment showing that this "curse of knowledge" can cause comparative overconfidence and overentry into competition. In a broader...

Persistent link: https://www.econbiz.de/10010403249

Over-confidence and low-cost heuristics : an experimental investigation of choice behavior

Cicognani, Simona; Mittone, Luigi - 2014

This paper extends choice theory by allowing for the interaction between cognitive costs and imitative dynamics. The authors experimentally investigate the role of imitation when participants face a task which is costly in cognitive terms. In order to disentangle different choice dynamics, they...

Persistent link: https://www.econbiz.de/10010425055

Deception under time pressure : conscious decision or a problem of awareness?

Konrad, Kai A.; Lohse, Tim; Simon, Sven A. - 2017

dimension for dishonest decision-making and for the cognition process of the chance to deceive. We conduct a laboratory … experiment of self-serving deceptive behavior which combines two exogenously varied levels of reflection time with a cognition … time. More importantly, decomposing misreporting into its two components, i.e., the cognition process of the misreporting …

Persistent link: https://www.econbiz.de/10011723505

Decision Making in the Ageing Brain : Changes in Affective and Motivational Circuits

Samanez-Larkin, Gregory R. - 2015

As the global population ages, older decision makers will be required to take greater responsibility for their own physical, psychological and financial well-being. With this in mind, researchers have begun to examine the effects of ageing on decision making and associated neural circuits. A new...

Persistent link: https://www.econbiz.de/10013015943

Bao, Yongping; Danwitz, Ludwig; Dvorak, Fabian; … - 2022

Algorithm-based decision support systems play an increasingly important role in decisions involving exploration tasks, such as product searches, portfolio choices, and human resource procurement. These tasks often involve a trade-off between exploration and exploitation, which can be highly...

Persistent link: https://www.econbiz.de/10013482224

Bayesian versus heuristic-based choice under sleep restriction and suboptimal times of day

Dickinson, David L.; McElroy, Todd - 2017

This paper examines the impact of a commonly experienced adverse cognitive state on decision making under uncertainty. Specifically, we administer an at-home sleep restriction protocol combined with random assignment to the time-of-day for decision making. Thus, we induce sleepiness in our...

Persistent link: https://www.econbiz.de/10011731913