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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...

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Autores principales: Liu, Hong-Zhi, Wei, Zi-Han, Li, Peng
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Frontiers Media S.A. 2021
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.
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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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