Two sides of the same coin: Information processing style and reverse biases
This paper examines the effect of information processing styles (indexed by the Rational-Experiential Inventory of Pacini & Epstein, 1999) on adherence to bias judgments, and particularly to reverse biases; i.e., when two choice questions that comprise identical normative components are set in d...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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Cambridge University Press
2011-06-01
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| Series: | Judgment and Decision Making |
| Subjects: | |
| Online Access: | https://www.cambridge.org/core/product/identifier/S193029750000190X/type/journal_article |
| _version_ | 1797702540246122496 |
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| author | Shahar Ayal Guy Hochman Dan Zakay |
| author_facet | Shahar Ayal Guy Hochman Dan Zakay |
| author_sort | Shahar Ayal |
| collection | DOAJ |
| description | This paper examines the effect of information processing styles (indexed by the Rational-Experiential Inventory of Pacini & Epstein, 1999) on adherence to bias judgments, and particularly to reverse biases; i.e., when two choice questions that comprise identical normative components are set in different situations and yield seemingly opposite behavioral biases. We found consistent evidence for a negative correlation between rational score and adherence to reverse biases, as well as overall biases, for all three pairs of reverse biases tested. Further, this effect of rational thinking was more pronounced for high experiential individuals, in that high-rational and high-experiential participants committed fewer biases than all other participants. These results lend weight to our claim that low-rational individuals, who are more sensitive to the context, are more prone to utilize some attribute of the provided information when it is uncalled for, but at the same time tend to ignore it or give it too little weight when it is a crucial factor in a normative decision process. |
| first_indexed | 2024-03-12T04:52:31Z |
| format | Article |
| id | doaj.art-10b21e5f5b75405084477da897ddc6e4 |
| institution | Directory Open Access Journal |
| issn | 1930-2975 |
| language | English |
| last_indexed | 2024-03-12T04:52:31Z |
| publishDate | 2011-06-01 |
| publisher | Cambridge University Press |
| record_format | Article |
| series | Judgment and Decision Making |
| spelling | doaj.art-10b21e5f5b75405084477da897ddc6e42023-09-03T09:20:21ZengCambridge University PressJudgment and Decision Making1930-29752011-06-01629530510.1017/S193029750000190XTwo sides of the same coin: Information processing style and reverse biasesShahar Ayal0Guy Hochman1Dan Zakay2The New School of Psychology, Interdisciplinary Center (IDC) Herzliya, IsraelFuqua School of Business, Duke UniversityThe New School of Psychology, Interdisciplinary Center (IDC), HerzliyaThis paper examines the effect of information processing styles (indexed by the Rational-Experiential Inventory of Pacini & Epstein, 1999) on adherence to bias judgments, and particularly to reverse biases; i.e., when two choice questions that comprise identical normative components are set in different situations and yield seemingly opposite behavioral biases. We found consistent evidence for a negative correlation between rational score and adherence to reverse biases, as well as overall biases, for all three pairs of reverse biases tested. Further, this effect of rational thinking was more pronounced for high experiential individuals, in that high-rational and high-experiential participants committed fewer biases than all other participants. These results lend weight to our claim that low-rational individuals, who are more sensitive to the context, are more prone to utilize some attribute of the provided information when it is uncalled for, but at the same time tend to ignore it or give it too little weight when it is a crucial factor in a normative decision process.https://www.cambridge.org/core/product/identifier/S193029750000190X/type/journal_articleRational-Experiential Inventorycognitive biasindividual differences |
| spellingShingle | Shahar Ayal Guy Hochman Dan Zakay Two sides of the same coin: Information processing style and reverse biases Judgment and Decision Making Rational-Experiential Inventory cognitive bias individual differences |
| title | Two sides of the same coin: Information processing style and reverse biases |
| title_full | Two sides of the same coin: Information processing style and reverse biases |
| title_fullStr | Two sides of the same coin: Information processing style and reverse biases |
| title_full_unstemmed | Two sides of the same coin: Information processing style and reverse biases |
| title_short | Two sides of the same coin: Information processing style and reverse biases |
| title_sort | two sides of the same coin information processing style and reverse biases |
| topic | Rational-Experiential Inventory cognitive bias individual differences |
| url | https://www.cambridge.org/core/product/identifier/S193029750000190X/type/journal_article |
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