Procedural and economic utilities in consequentialist choice: Trading freedom of choice to minimize financial losses
Work on procedural utility suggests that decision makers derive more value from outcomes earned with freedom of choice. We experimentally tested tradeoffs between procedural and outcome utility, examining financial losses as an important boundary condition. Participants completed a simulated consume...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Cambridge University Press
2020-07-01
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| Series: | Judgment and Decision Making |
| Subjects: | |
| Online Access: | http://journal.sjdm.org/12/12425/jdm12425.pdf |