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image/svg+xml Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Closed Access logo, derived from PLoS Open Access logo. This version with transparent background. http://commons.wikimedia.org/wiki/File:Closed_Access_logo_transparent.svg Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Journal of Behaviora...arrow_drop_down
image/svg+xml Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Closed Access logo, derived from PLoS Open Access logo. This version with transparent background. http://commons.wikimedia.org/wiki/File:Closed_Access_logo_transparent.svg Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao
Journal of Behavioral Decision Making
Article . 2020 . Peer-reviewed
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Choice bracketing and experience‐based choice

Authors: Liat Hadar; Shai Danziger; Vicki G. Morwitz;

Choice bracketing and experience‐based choice

Abstract

AbstractWe examine how choice bracketing affects expected value maximization in experience‐based choice. Experience‐based choices are a series of individual choices made sequentially, for which feedback follows each choice, and are thus naturally bracketed narrowly. Previous research broadly bracketed multiple experience‐based choices for decision makers by aggregating the choices (such that each choice pertained to multiple individual choices) or by reducing feedback frequency. We find that decision makers prompted to actively broad‐bracket experience‐based choices in the presence of immediate feedback on individual choices (which prompts narrow bracketing) are more likely to choose expected value maximizing options than decision makers prompted to narrow‐bracket these choices. This pattern replicated across four studies, using different manipulations of choice bracketing, forms of feedback (partial or full), payoffs (hypothetical or incentive‐compatible payoff), subject populations, and when the choices and outcome distribution involved prices or time. We discuss the theoretical and practical implications of our findings.

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
2
Average
Average
Average
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