How costs affect preferences: experiments on state dependence, hedonic state and within-trial contrast in starlings
We examined how starlings, Sturnus vulgaris, adjust preferences to retrospective sunk costs in either time or work. Ideal decision-makers disregard sunk costs, but under some circumstances animals, like humans, prefer normally costlier rewards when they do not have to pay the costs. We argue that a...
| Main Authors: | , , |
|---|---|
| Format: | Journal article |
| Language: | English |
| Published: |
2011
|