ICPS

2021 APS Virtual Convention · 2021

Multi-Alternative Experience-Based and Description-Based Decision Making

Virtual · May 2021

Posters · Behavioral Economics

  • Dominik Lenda
    SWPS University of Social Sciences and Humanities, Wroclaw Faculty of Psychology
  • Jakub Traczyk
    University of Social Sciences and Humanities

Abstract

We present an analysis of the study on multi-alternative experience-based and description-based decisions. In contrast to the systematic observations, we show no difference between experience-based and description-based choices in the condition with many alternatives. Moreover, we provide an analysis of sampling and switching behavior in experience-based problems.

Decision Making