Sequential evidence accumulation in decision making: The individual desired level of confidence can explain the extent of information acquisition

Judgments and decisions under uncertainty are frequently linked to a prior sequential search for relevant information. In such cases, the subject has to decide when to stop the search for information. Evidence accumulation models from social and cognitive psychology assume an active and sequential i...

Full description

Bibliographic Details
Main Authors: Daniel Hausmann, Damian Läge, Arndt Bröder, Ben Newell
Format: Article
Language:English
Published: Cambridge University Press 2008-03-01
Series:Judgment and Decision Making
Subjects:
Online Access:https://www.cambridge.org/core/product/identifier/S1930297500002436/type/journal_article