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Economists have become increasingly interested in using attention to explain behavioral patterns both on the micro and …-down" model of executive optimization. Others, like salience theory, assume a "bottom-up" influence where attention is driven by … contextual factors. This distinction is fundamental for the economic implications of attention, but so far there is little …
Persistent link: https://www.econbiz.de/10012510861
Does attention have a causal impact on risky decisions? We address this question in a preregistered experiment in which … causal role of attention on the decision process, we manipulate for how long each outcome is presented before showing the … strongest driver of this effect. Jointly, these results support the notion that attention has a causal impact on risky choice …
Persistent link: https://www.econbiz.de/10013356502
Does attention have a causal impact on risky decisions? We address this question in a preregistered experiment in which … causal role of attention on the decision process, we manipulate for how long each outcome is presented before showing the … strongest driver of this effect. Jointly, these results support the notion that attention has a causal impact on risky choice …
Persistent link: https://www.econbiz.de/10013332731
information, and make inefficient choices based on their decisions from before. Moreover, to track the participants' attention and … heterogeneous attention patterns, which are linked to differential weighting of the product's attributes (price, quality, and … sustainability) during the decision. While our information treatment has little effect on attention allocation to individual …
Persistent link: https://www.econbiz.de/10014547737
information, and make inefficient choices based on their decisions from before. Moreover, to track the participants' attention and … heterogeneous attention patterns, which are linked to differential weighting of the product's attributes (price, quality, and … sustainability) during the decision. While our information treatment has little effect on attention allocation to individual …
Persistent link: https://www.econbiz.de/10014512915
We conduct a lottery experiment to assess the predictive importance of simple choice process metrics (SCPMs) in forecasting risky 50/50 gambling decisions using different types of machine learning algorithms as well as traditional choice modeling approaches. The SCPMs are recorded during a fixed...
Persistent link: https://www.econbiz.de/10012794509
We conduct a lottery experiment to assess the predictive importance of simple choice process metrics (SCPMs) in forecasting risky 50/50 gambling decisions using different types of machine learning algorithms as well as traditional choice modeling approaches. The SCPMs are recorded during a fixed...
Persistent link: https://www.econbiz.de/10012427354
, depending on the presented visual stimuli. Using eye-tracking data, we investigated the effects of arousal, attention, and … disengagement on individual payoffs using linear and nonlinear approaches. By estimating a nonlinear model using attention as a … attention exceeds a certain threshold, whereas disengagement has a higher negative impact on reduced attention levels and …
Persistent link: https://www.econbiz.de/10014288934
Visualization is not only an important part of experimental data analysis process but also an efficient tool for transfer of acquired knowledge in multiple areas including, but not restricted to, ICT, general scientific discussion, innovation, data mining, decision support systems as well as...
Persistent link: https://www.econbiz.de/10011920477
Until recently we have known little about how core decision processes change with age and how aging may impact the structure and function of corresponding ventromedial frontostriatal neural systems (Samanez-Larkin & Knutson, 2014). The chapter begins by briefly orienting the reader to...
Persistent link: https://www.econbiz.de/10013015918