LAUSR.org creates dashboard-style pages of related content for over 1.5 million academic articles. Sign Up to like articles & get recommendations!

Decision Making in Environments with Non‐Independent Dimensions

Photo by garri from unsplash

This paper tests whether the dimensions involved in preferential choice tasks are evaluated independently from one another. Common decision heuristics satisfy dimensional independence, and multi-strategy models that assume that decision… Click to show full abstract

This paper tests whether the dimensions involved in preferential choice tasks are evaluated independently from one another. Common decision heuristics satisfy dimensional independence, and multi-strategy models that assume that decision makers use a repertoire of these heuristics predict that they are unable to represent and respond to dimensional dependencies in the decision environment. In contrast, some single-strategy models are able to violate dimensional independence, and subsequently adapt to environments that feature interacting dimensions. Across five experiments, this paper documents systematic violations of the assumption of dimensional independence. This suggests that decision makers are able to modify their behavior to respond to dimensional dependencies in their environment, and in turn those models that are unable to do this do not provide a full account of human strategy selection and behavior change. This paper ends with a discussion of ways in which some existing models can be modified to incorporate violations of dimensional independence. Copyright © 2016 John Wiley & Sons, Ltd.

Keywords: decision; making environments; environments non; dimensional independence; decision making

Journal Title: Journal of Behavioral Decision Making
Year Published: 2018

Link to full text (if available)


Share on Social Media:                               Sign Up to like & get
recommendations!

Related content

More Information              News              Social Media              Video              Recommended



                Click one of the above tabs to view related content.