A bird in the hand isn’t good for long: Action dynamics reveal short-term choice impulses in intertemporal choices
Research output: Contribution to journal › Letter › Contributed › peer-review
Contributors
Abstract
Folk wisdom tells us that additional time to make a decision helps us to refrain from the first impulse to take the bird in the hand. However, the question why the time to decide plays an important role is still unanswered. Here we distinguish two explanations, one based on a bias in value accumulation that has to be overcome with time, the other based on cognitive control processes that need time to set in. In an intertemporal decision task, we use mouse tracking to study participants’ responses to options’ values and delays which were presented sequentially. We find that the information about options’ delays does indeed lead to an immediate bias that is controlled afterwards, matching the prediction of control processes needed to counter initial impulses. Hence, by using a dynamic measure, we provide insight into the processes underlying short-term oriented choices in intertemporal decision making.
Details
Original language | English |
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Pages (from-to) | 23-31 |
Number of pages | 9 |
Journal | Experimental Psychology |
Volume | 65 |
Issue number | 1 |
Publication status | Published - Jan 2018 |
Peer-reviewed | Yes |
External IDs
PubMed | 29415644 |
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ORCID | /0000-0002-4408-6016/work/161406830 |
Keywords
ASJC Scopus subject areas
Keywords
- Decision making, Delay discounting, Dynamics, Intertemporal choice, Mouse tracking, Process