Weighing waiting
People have been shown to delay decision making to wait for missing noninstrumental attribute information --- information that would not have altered their decision if known at the outset --- with this delay originally attributed to uncertainty obscuring one's true preference (Bastardi and Shaf...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Cambridge University Press
2007-12-01
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| Series: | Judgment and Decision Making |
| Subjects: | |
| Online Access: | http://journal.sjdm.org/jdm7613.pdf |
| _version_ | 1797727837085499392 |
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| author | Samuel M. Duncan Steven M. Wengrovitz Alexandra Sedlovskaya Andrea L. Patalano |
| author_facet | Samuel M. Duncan Steven M. Wengrovitz Alexandra Sedlovskaya Andrea L. Patalano |
| author_sort | Samuel M. Duncan |
| collection | DOAJ |
| description | People have been shown to delay decision making to wait for missing noninstrumental attribute information --- information that would not have altered their decision if known at the outset --- with this delay originally attributed to uncertainty obscuring one's true preference (Bastardi and Shafir, 1998). To test this account, relative to an alternative that delay arises from low confidence in one's preference (Tykocinski and Ruffle, 2003), we manipulated information certainty and the magnitude of a penalty for delay, the latter intended to reduce the influence of easily resolved sources of delay and to magnify any influence of uncertainty. Contrary to expectations, the results were largely inconsistent with the uncertainty account in that, under a low penalty, delay did not depend on information certainty; and, under a high penalty, delay rate was actually much lower when information was uncertain. To explain the latter, we propose that people use a strategy for resolving choice under uncertainty that does not require establishing a confident preference for each value of the missing information. These findings are related to others in which choice difficulty has been found to be a major source of delay. |
| first_indexed | 2024-03-12T11:05:16Z |
| format | Article |
| id | doaj.art-30e842e3661548a6b105b095b9de48a9 |
| institution | Directory Open Access Journal |
| issn | 1930-2975 |
| language | English |
| last_indexed | 2024-03-12T11:05:16Z |
| publishDate | 2007-12-01 |
| publisher | Cambridge University Press |
| record_format | Article |
| series | Judgment and Decision Making |
| spelling | doaj.art-30e842e3661548a6b105b095b9de48a92023-09-02T04:00:17ZengCambridge University PressJudgment and Decision Making1930-29752007-12-012NA351358Weighing waitingSamuel M. DuncanSteven M. WengrovitzAlexandra SedlovskayaAndrea L. PatalanoPeople have been shown to delay decision making to wait for missing noninstrumental attribute information --- information that would not have altered their decision if known at the outset --- with this delay originally attributed to uncertainty obscuring one's true preference (Bastardi and Shafir, 1998). To test this account, relative to an alternative that delay arises from low confidence in one's preference (Tykocinski and Ruffle, 2003), we manipulated information certainty and the magnitude of a penalty for delay, the latter intended to reduce the influence of easily resolved sources of delay and to magnify any influence of uncertainty. Contrary to expectations, the results were largely inconsistent with the uncertainty account in that, under a low penalty, delay did not depend on information certainty; and, under a high penalty, delay rate was actually much lower when information was uncertain. To explain the latter, we propose that people use a strategy for resolving choice under uncertainty that does not require establishing a confident preference for each value of the missing information. These findings are related to others in which choice difficulty has been found to be a major source of delay.http://journal.sjdm.org/jdm7613.pdfdecision deferralwaitingnoninstrumental informationdisjunction effect. |
| spellingShingle | Samuel M. Duncan Steven M. Wengrovitz Alexandra Sedlovskaya Andrea L. Patalano Weighing waiting Judgment and Decision Making decision deferral waiting noninstrumental information disjunction effect. |
| title | Weighing waiting |
| title_full | Weighing waiting |
| title_fullStr | Weighing waiting |
| title_full_unstemmed | Weighing waiting |
| title_short | Weighing waiting |
| title_sort | weighing waiting |
| topic | decision deferral waiting noninstrumental information disjunction effect. |
| url | http://journal.sjdm.org/jdm7613.pdf |
| work_keys_str_mv | AT samuelmduncan weighingwaiting AT stevenmwengrovitz weighingwaiting AT alexandrasedlovskaya weighingwaiting AT andrealpatalano weighingwaiting |