Psychological Engagement in Choice and Judgment Under Risk and Uncertainty.

Conference paper

Buontempo, M., Kusev, P., Baranova, V. and Heilman, R. (2018). Psychological Engagement in Choice and Judgment Under Risk and Uncertainty. 59th Annual Meeting of the Psychonomic Society. New Orleans, Louisiana, United States 15 - 18 Nov 2018
AuthorsBuontempo, M., Kusev, P., Baranova, V. and Heilman, R.
TypeConference paper
Abstract

Theories of choice and judgment assume that agents behave rationally, choose the higher expected value option, and evaluate the choice consistently (Expected Utility Theory, Von Neumann, & Morgenstern, 1947). However, researchers in decision-making showed that human behaviour is different in choice and judgement tasks (Slovic & Lichtenstein, 1968; 1971; 1973). In this research, we propose that psychological engagement and control deprivation predict behavioural inconsistencies and utilitarian performance with judgment and choice. Moreover, we explore the influences of engagement and control deprivation on agent’s behaviours, while manipulating content of utility (Kusev et al., 2011, Hertwig & Gigerenzer 1999, Tversky & Kahneman, 1996) and decision reward (Kusev et al, 2013, Shafir et al., 2002).

Year2018
Web address (URL)https://www.psychonomic.org
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Print15 Nov 2018
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Accepted10 Aug 2018
Deposited27 Oct 2022
Web address (URL) of conference proceedingshttps://cdn.ymaws.com/www.psychonomic.org/resource/resmgr/annual_meeting/2018_meeting/program/ps2018abstracts25.pdf
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