Memory reflected in our decisions: Higher working memory capacity predicts greater bias in risky choice
Journal Title: Judgment and Decision Making - Year 2010, Vol 5, Issue 2
Abstract
The current study looks at the role working memory plays in risky-choice framing. Eighty-six participants took the Automatic OSPAN, a measurement of working memory; this was followed by a risky-choice framing task. Participants with high working memory capacities demonstrated well pronounced framing effects, while those with low working memory capacities did not. This pattern suggests that, in a typical risky-choice decision task, elaborative encoding of task information by those with high working memory capacity may lead them to a more biased decision compared to those with low working memory.
Authors and Affiliations
Jonathan Corbin, Todd McElroy and Cassie Black
Keywords
Related Articles
- EP ID EP677726
- DOI -
- Views 136
- Downloads 0
Affective reactions and context-dependent processing of negations
Three experiments demonstrate how the processing of negations is contingent on the evaluation context in which the negative information is presented. In addition, the strategy used to process the negations induced differ...
Wording effects in moral judgments
As the study of moral judgments grows, it becomes imperative to compare results across studies in order to create unified theories within the field. These efforts are potentially undermined, however, by variations in wor...
The effect of incentive structure on search in the secretary problem
We tested the effectiveness of performance-based incentive structures using three incentive structures — commission base, best only and flat fee — and two levels of context — no context and house-selling — in an experime...
(When) are religious people nicer? Religious salience and the “Sunday Effect” on pro-social behavior
Prior research has found mixed evidence for the long-theorized link between religiosity and pro-social behavior. To help overcome this divergence, I hypothesize that pro-social behavior is linked not to religiosity per s...
Why do we overestimate others’ willingness to pay?
People typically overestimate how much others are prepared to pay for consumer goods and services. We investigated the extent to which latent beliefs about others’ affluence contribute to this overestimation. In Studies...