When expressing their preferences, people sometimes make seemingly inconsistent choices. Recently, two models have been proposed to explain this choice variability. The Preference Uncertainty model assumes that preferences change continuously, gravitating towards a particular state. The Preference Temperature model assumes that preferences are stable, but that decisions are implemented with noise. We test these models in an interpersonal decision-making task where participants can reduce their own earnings in order to increase or decrease earnings of an unknown other. Preference uncertainty, rather than noisy decisions, seem to better explain interpersonal choices. This is in line with findings on intertemporal decisions, suggesting that the same mechanism is common to different types of preferences.

Preference uncertainty explains choice variability in interpersonal decision-making / Panizza, Folco; Vostroknutov, Alexander; Coricelli, Giorgio. - STAMPA. - (2018). (Intervento presentato al convegno Bayesian Modeling for Cognitive Science tenutosi a Amsterdam nel 20th-24th August 2018).

Preference uncertainty explains choice variability in interpersonal decision-making

Folco Panizza;Alexander Vostroknutov;Giorgio Coricelli
2018-01-01

Abstract

When expressing their preferences, people sometimes make seemingly inconsistent choices. Recently, two models have been proposed to explain this choice variability. The Preference Uncertainty model assumes that preferences change continuously, gravitating towards a particular state. The Preference Temperature model assumes that preferences are stable, but that decisions are implemented with noise. We test these models in an interpersonal decision-making task where participants can reduce their own earnings in order to increase or decrease earnings of an unknown other. Preference uncertainty, rather than noisy decisions, seem to better explain interpersonal choices. This is in line with findings on intertemporal decisions, suggesting that the same mechanism is common to different types of preferences.
2018
Preference uncertainty explains choice variability in interpersonal decision-making
Preference uncertainty explains choice variability in interpersonal decision-making / Panizza, Folco; Vostroknutov, Alexander; Coricelli, Giorgio. - STAMPA. - (2018). (Intervento presentato al convegno Bayesian Modeling for Cognitive Science tenutosi a Amsterdam nel 20th-24th August 2018).
Panizza, Folco; Vostroknutov, Alexander; Coricelli, Giorgio
File in questo prodotto:
File Dimensione Formato  
Poster Bayes Amsterdam.pdf

accesso aperto

Descrizione: Poster
Tipologia: Pre-print non referato (Non-refereed preprint)
Licenza: Creative commons
Dimensione 410.39 kB
Formato Adobe PDF
410.39 kB Adobe PDF Visualizza/Apri

I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione

Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11572/219045
Citazioni
  • ???jsp.display-item.citation.pmc??? ND
  • Scopus ND
  • ???jsp.display-item.citation.isi??? ND
social impact