How false feedback influences decision‐makers' risk preferences

نویسندگان

چکیده

Abstract Recent decision‐making research provides empirical evidence that human risk preferences are constructed “on the fly” during elicitation, influenced by context and method of elicitation (Kusev et al., 2020). In this article, we explore lability argue most recent choices guide decision‐making. Accordingly, our novel proposal experimental provide a psychological tool measures people's shift in preferences. Specifically, experiment (240 participants, registered UK users an online survey panel), developed employed two‐stage method. The results from revealed providing participants with false feedback on their initial decisions (stage 1) changes at stage direction feedback. Moreover, participants' final 2) were type (correct or false) informed altered experiment. conclusion, work fly,” experience (e.g., Kusev 2020; Slovic, 1995).

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ژورنال

عنوان ژورنال: Journal of Behavioral Decision Making

سال: 2022

ISSN: ['0894-3257', '1099-0771']

DOI: https://doi.org/10.1002/bdm.2278