Decision processes in choice overload: a product of delay and probability discounting?

Abstract:

:Recent research in the behavioral decision making literature has demonstrated that humans hyperbolically discount the subjective value of options as the number of options increases (Reed et al., 2012). These findings provide a cognitive-behavioral synthesis of the "choice overload" phenomenon, also known as the "paradox of choice." Specifically, these findings suggest that temporal discounting may serve as the underlying process contributing to this effect. As an extension, this study examined the effects of reward magnitude sizes had on rates temporal and options discounting. This manipulation was conducted to determine what role temporal discounting plays in discounting of options. The present results suggest that temporal discounting may not be the only process contributing to the choice overload effect.

journal_name

Behav Processes

journal_title

Behavioural processes

authors

Kaplan BA,Reed DD

doi

10.1016/j.beproc.2013.04.001

subject

Has Abstract

pub_date

2013-07-01 00:00:00

pages

21-4

eissn

0376-6357

issn

1872-8308

pii

S0376-6357(13)00061-2

journal_volume

97

pub_type

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