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Although the priority heuristic (PH) is conceived as a cognitive-process model, some of its critical process assumptions remain to be tested. The PH makes very strong ordinal and quantitative assumptions about the strictly sequential, non-compensatory use of three cues in choices between...
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Subjective correlation judgments that exaggerate or distort the objectively presented contingency between two variables in a series of stimulus observations are usually referred to as illusory correlations (IC). An empirical review reveals many different variants of ICs in diverse paradigms. Two...
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The strength of decision routines was manipulated within a computer controlled micro-world simulation which required that participants make recurrent acquisition and disposal decisions. One week after having learned weak or strong routines, participants were confronted with changes in this...
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Computer simulations and two experiments are reported to delineate the ultimate sampling dilemma, which constitutes a serious obstacle to inductive inferences in a probabilistic world. Participants were asked to take the role of a manager who is to make purchasing decisions based on positive...
Persistent link: https://www.econbiz.de/10005585767
[...from the chapter] In the present article, we delineate a different approach, which is by no means inconsistent, but largely overlaps with the aforementioned definitions. However, our approach is simpler and refrains from a number of rather strong assumptions to which other conceptions...
Persistent link: https://www.econbiz.de/10005585771
Under the notion of illusory correlations, simple learning paradigms (e.g. Hamilton & Gifford, 1976) have been used to study the formation of stereotypes that discriminate between majorities and minorities. In the present paper, limitations of this approach in terms of theoretical explanations...
Persistent link: https://www.econbiz.de/10005592946
Adaptive decision-making requires that environmental contingencies between decision options and their relative advantages and disadvantages be assessed accurately and quickly. The research presented in this article addresses the challenging notion that contingencies may be more visible from...
Persistent link: https://www.econbiz.de/10005596272