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A robust Bayesian test for identifying context effects in multiattribute decision-making

Research on multiattribute decision-making has repeatedly shown that people’s preferences for options depend on the set of other options they are presented with, that is, the choice context. As a result, recent years have seen the development of a number of psychological theories explaining context...

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Autores principales: Katsimpokis, Dimitris, Fontanesi, Laura, Rieskamp, Jörg
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Springer US 2022
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC10104952/
https://www.ncbi.nlm.nih.gov/pubmed/36167914
http://dx.doi.org/10.3758/s13423-022-02157-2
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author Katsimpokis, Dimitris
Fontanesi, Laura
Rieskamp, Jörg
author_facet Katsimpokis, Dimitris
Fontanesi, Laura
Rieskamp, Jörg
author_sort Katsimpokis, Dimitris
collection PubMed
description Research on multiattribute decision-making has repeatedly shown that people’s preferences for options depend on the set of other options they are presented with, that is, the choice context. As a result, recent years have seen the development of a number of psychological theories explaining context effects. However, much less attention has been given to the statistical analyses of context effects. Traditionally, context effects are measured as a change in preference for a target option across two different choice sets (the so-called relative choice share of the target, or RST). We first show that the frequently used definition of the RST measure has some weaknesses and should be replaced by a more appropriate definition that we provide. We then show through a large-scale simulation that the RST measure as previously defined can lead to biased inferences. As an alternative, we suggest a Bayesian approach to estimating an accurate RST measure that is robust to various circumstances. We applied the two approaches to the data of five published studies (total participants, N = 738), some of which used the biased approach. Additionally, we introduce the absolute choice share of the target (or AST) as the appropriate measure for the attraction effect. Our approach is an example of evaluating and proposing proper statistical tests for axiomatic principles of decision-making. After applying the AST and the robust RST to published studies, we found qualitatively different results in at least one-fourth of the cases. These results highlight the importance of utilizing robust statistical tests as a foundation for the development of new psychological theories. SUPPLEMENTARY INFORMATION: The online version contains supplementary material available at 10.3758/s13423-022-02157-2https://doi.org/10.3758/s13423-022-02157-2.
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spelling pubmed-101049522023-04-16 A robust Bayesian test for identifying context effects in multiattribute decision-making Katsimpokis, Dimitris Fontanesi, Laura Rieskamp, Jörg Psychon Bull Rev Theoretical/Review Research on multiattribute decision-making has repeatedly shown that people’s preferences for options depend on the set of other options they are presented with, that is, the choice context. As a result, recent years have seen the development of a number of psychological theories explaining context effects. However, much less attention has been given to the statistical analyses of context effects. Traditionally, context effects are measured as a change in preference for a target option across two different choice sets (the so-called relative choice share of the target, or RST). We first show that the frequently used definition of the RST measure has some weaknesses and should be replaced by a more appropriate definition that we provide. We then show through a large-scale simulation that the RST measure as previously defined can lead to biased inferences. As an alternative, we suggest a Bayesian approach to estimating an accurate RST measure that is robust to various circumstances. We applied the two approaches to the data of five published studies (total participants, N = 738), some of which used the biased approach. Additionally, we introduce the absolute choice share of the target (or AST) as the appropriate measure for the attraction effect. Our approach is an example of evaluating and proposing proper statistical tests for axiomatic principles of decision-making. After applying the AST and the robust RST to published studies, we found qualitatively different results in at least one-fourth of the cases. These results highlight the importance of utilizing robust statistical tests as a foundation for the development of new psychological theories. SUPPLEMENTARY INFORMATION: The online version contains supplementary material available at 10.3758/s13423-022-02157-2https://doi.org/10.3758/s13423-022-02157-2. Springer US 2022-09-27 2023 /pmc/articles/PMC10104952/ /pubmed/36167914 http://dx.doi.org/10.3758/s13423-022-02157-2 Text en © The Author(s) 2022 https://creativecommons.org/licenses/by/4.0/Open AccessThis article is licensed under a Creative Commons Attribution 4.0 International License, which permits use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons licence, and indicate if changes were made. The images or other third party material in this article are included in the article's Creative Commons licence, unless indicated otherwise in a credit line to the material. If material is not included in the article's Creative Commons licence and your intended use is not permitted by statutory regulation or exceeds the permitted use, you will need to obtain permission directly from the copyright holder. To view a copy of this licence, visit http://creativecommons.org/licenses/by/4.0/ (https://creativecommons.org/licenses/by/4.0/) .
spellingShingle Theoretical/Review
Katsimpokis, Dimitris
Fontanesi, Laura
Rieskamp, Jörg
A robust Bayesian test for identifying context effects in multiattribute decision-making
title A robust Bayesian test for identifying context effects in multiattribute decision-making
title_full A robust Bayesian test for identifying context effects in multiattribute decision-making
title_fullStr A robust Bayesian test for identifying context effects in multiattribute decision-making
title_full_unstemmed A robust Bayesian test for identifying context effects in multiattribute decision-making
title_short A robust Bayesian test for identifying context effects in multiattribute decision-making
title_sort robust bayesian test for identifying context effects in multiattribute decision-making
topic Theoretical/Review
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC10104952/
https://www.ncbi.nlm.nih.gov/pubmed/36167914
http://dx.doi.org/10.3758/s13423-022-02157-2
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