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Perspectives on information acquisition: Rethinking its role in the construction of reason-based preferences
[working paper]
Abstract In an experiment, it was found that information acquisition format of the presented information affected both the nature of the preferences as well as the duration of depth of search and response latency. It was also found that participants attended more to negative than to positive information inde... view more
In an experiment, it was found that information acquisition format of the presented information affected both the nature of the preferences as well as the duration of depth of search and response latency. It was also found that participants attended more to negative than to positive information independent of whether their task was to select or reject alternatives. Finally, it was revealed that accountability lead participants to attend more to the information than if they were not accountable.... view less
Keywords
decision making; decision making process; value-orientation; information; preference
Classification
General Psychology
Free Keywords
Frequency format; Probability format; Framing; Information acquisition; Accountability; Eye-tracking
Document language
English
Publication Year
2000
Page/Pages
25 p.
Series
Göteborg Psychological Reports, 2
Status
Preprint; reviewed