Choice Repetition Bias in Intertemporal Choice: An Eye-Tracking Study

Publikation: Beitrag in FachzeitschriftForschungsartikelBeigetragenBegutachtung

Abstract

Intertemporal choices (i.e., the choice between a sooner available but smaller reward and a later available but larger reward) were initially thought to reflect stable preferences for immediate or delayed rewards. However, recently, it has been shown that intertemporal choices are influenced by factors such as context variables and attentional processes. Here, we investigate if another factor, the choice repetition bias, affects decision making and attentional processes in intertemporal choice. The choice repetition bias is characterized by the tendency to repeat previous choices and to be slower when switching to an alternative choice. In a series of two experiments (including a preregistered, eye-tracking study), we find that the choice repetition bias exists in intertemporal choice. We also find tentative support for an early attentional bias towards the favored attribute dimension of the previous choice; however, this effect disappears when taking the whole decision process into account. This finding raises interesting questions about the cognitive processes underlying the choice repetition bias. In addition, we successfully replicate other attentional effects from the intertemporal choice literature (e.g., more fixations on monetary dimension, gaze cascade effect).

Details

OriginalspracheEnglisch
Aufsatznummere2388
FachzeitschriftJournal of behavioral decision making
Jahrgang37
Ausgabenummer3
Frühes Online-Datum22 Mai 2024
PublikationsstatusVeröffentlicht - Juli 2024
Peer-Review-StatusJa

Externe IDs

Scopus 85193819075
ORCID /0000-0002-4408-6016/work/160950489
ORCID /0000-0002-2531-4175/work/160952900

Schlagworte

Forschungsprofillinien der TU Dresden

DFG-Fachsystematik nach Fachkollegium

Schlagwörter

  • attention, choice bias, eye-tracking, intertemporal choice, repetition bias