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We explore whether behavioral biases impede the effective processing and interpretation of soft information in private lending. Taking advantage of the internal reporting system of a large federal credit union, we delineate three important biases likely to affect the lending process: (1) limited...
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individuals are able to compute weighted additive decision strategies extremely quickly if information search is not restricted by … the experimental procedure. In a third experiment, these results were replicated using more complex decision tasks, and … automatic processes in decision making. -- Automatic Information Integration ; One Reason Decision Making ; Mouselab …
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relatively little is known about the cognitive processes underlying the two decision modes. Therefore, we analyzed processes of … processes in the deliberate decision mode. We manipulated decision mode between-participants by means of instructions and … the deliberate decision mode. -- Decision Making ; Decision Mode ; Intuition ; Deliberation ; Eye-Tracking …
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Three studies sought to investigate decision strategies in memory-based decisions and to test the predictions of the … parallel constraint satisfaction (PCS) model for decision making (Glöckner & Betsch, 2008). Time pressure was manipulated and … PCS we predicted that fast intuitive decision making is based on compensatory information integration and that decision …
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