Cognitive Resource Depletion, Choice Consistency, and Risk Preferences
نویسندگان
چکیده
منابع مشابه
Cognitive Resource Depletion, Choice Consistency, and Risk Preferences
We investigate the consistency and stability of individual risk preferences by slightly manipulating the cognitive resources of subjects through sleepiness. Participants are recruited and randomly assigned to an experiment session at a preferred time of day relative to their diurnal pr...
متن کاملSleepiness, Choice Consistency, and Risk Preferences
Sleepiness, Choice Consistency, and Risk Preferences We investigate the consistency and stability of individual risk preferences by manipulating cognitive resources. Participants are randomly assigned to an experiment session at a preferred time of day relative to their diurnal preference (circadian matched) or at a nonpreferred time (circadian mismatched) and choose allocations between two ris...
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Background. The Limited Strength model [3] of cognitive psychology predicts that human capacity to exert cognitive effort is limited and that decision making is impeded once high depletion is reached. Aim. We investigate how password choice differs between depleted and undepleted users. Method. Two groups of 50 subjects each were asked to generate a password. One group was cognitively depleted,...
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We explore the cognitive effects of three common features of religious interactions: (1) demand for the expressive suppression of emotion; (2) exposure to goaldemoted and causally opaque actions; and (3) the presence of a charismatic authority. Using a cognitive resource model of executive function, we argue that these three features affect the executive system in ways that limit the capacity f...
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We study the e ect of embedding pairwise choices between lotteries within a choice list on measured risk attitude. Using an experiment with online workers, we nd that subjects choose the risky lottery rather than a sure payment signi cantly more often when responding to a choice list. This behavior can be rationalized by the interaction between non-expected utility and the random incentive syst...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2012
ISSN: 1556-5068
DOI: 10.2139/ssrn.2280215