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Influence of the Manner of Information Presentation on Risky Choice
We are constantly faced with decisive situations in which the options are not presented simultaneously. How the information of options is presented might influence the subsequent decision-making. For instance, presenting the information of options in an alternative- or dimension-wise manner may affe...
Autores principales: | , , |
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Formato: | Online Artículo Texto |
Lenguaje: | English |
Publicado: |
Frontiers Media S.A.
2021
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Materias: | |
Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8573322/ https://www.ncbi.nlm.nih.gov/pubmed/34759853 http://dx.doi.org/10.3389/fpsyg.2021.650206 |
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author | Liu, Hong-Zhi Wei, Zi-Han Li, Peng |
author_facet | Liu, Hong-Zhi Wei, Zi-Han Li, Peng |
author_sort | Liu, Hong-Zhi |
collection | PubMed |
description | We are constantly faced with decisive situations in which the options are not presented simultaneously. How the information of options is presented might influence the subsequent decision-making. For instance, presenting the information of options in an alternative- or dimension-wise manner may affect searching patterns and thus lead to different choices. In this study, the effects of this manner of information presentation on risky choice according to two experiments (Experiment 1, N = 45; Experiment 2, N = 50) are systematically examined. Specifically, two tasks with different presentation are conducted. Participants could search the information of one option (alternative-wise task) or dimension (dimension-wise task) for each time. Results revealed that the participants assigned in the alternative-wise task exhibited more choices consistent with expected value theory and took a longer decision time than those in the dimension-wise task. Moreover, the effect of task on choice was mediated by the direction of information search. These findings suggest a relationship between information search pattern and risky choice and allow for a better understanding of the mechanisms and processes involved in risky choice. |
format | Online Article Text |
id | pubmed-8573322 |
institution | National Center for Biotechnology Information |
language | English |
publishDate | 2021 |
publisher | Frontiers Media S.A. |
record_format | MEDLINE/PubMed |
spelling | pubmed-85733222021-11-09 Influence of the Manner of Information Presentation on Risky Choice Liu, Hong-Zhi Wei, Zi-Han Li, Peng Front Psychol Psychology We are constantly faced with decisive situations in which the options are not presented simultaneously. How the information of options is presented might influence the subsequent decision-making. For instance, presenting the information of options in an alternative- or dimension-wise manner may affect searching patterns and thus lead to different choices. In this study, the effects of this manner of information presentation on risky choice according to two experiments (Experiment 1, N = 45; Experiment 2, N = 50) are systematically examined. Specifically, two tasks with different presentation are conducted. Participants could search the information of one option (alternative-wise task) or dimension (dimension-wise task) for each time. Results revealed that the participants assigned in the alternative-wise task exhibited more choices consistent with expected value theory and took a longer decision time than those in the dimension-wise task. Moreover, the effect of task on choice was mediated by the direction of information search. These findings suggest a relationship between information search pattern and risky choice and allow for a better understanding of the mechanisms and processes involved in risky choice. Frontiers Media S.A. 2021-10-25 /pmc/articles/PMC8573322/ /pubmed/34759853 http://dx.doi.org/10.3389/fpsyg.2021.650206 Text en Copyright © 2021 Liu, Wei and Li. https://creativecommons.org/licenses/by/4.0/This is an open-access article distributed under the terms of the Creative Commons Attribution License (CC BY). The use, distribution or reproduction in other forums is permitted, provided the original author(s) and the copyright owner(s) are credited and that the original publication in this journal is cited, in accordance with accepted academic practice. No use, distribution or reproduction is permitted which does not comply with these terms. |
spellingShingle | Psychology Liu, Hong-Zhi Wei, Zi-Han Li, Peng Influence of the Manner of Information Presentation on Risky Choice |
title | Influence of the Manner of Information Presentation on Risky Choice |
title_full | Influence of the Manner of Information Presentation on Risky Choice |
title_fullStr | Influence of the Manner of Information Presentation on Risky Choice |
title_full_unstemmed | Influence of the Manner of Information Presentation on Risky Choice |
title_short | Influence of the Manner of Information Presentation on Risky Choice |
title_sort | influence of the manner of information presentation on risky choice |
topic | Psychology |
url | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8573322/ https://www.ncbi.nlm.nih.gov/pubmed/34759853 http://dx.doi.org/10.3389/fpsyg.2021.650206 |
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