Matching and Behavioral Contrast in a Two‐Option Repeated Investment Simulation

Abstract

Matching and behavioral contrast were explored in an investment simulation with young adults who made repeated investments in two different markets that provided intermittent, non‐predictable returns. In the first phase in which the markets provided equivalent returns, participants matched. In a second phase in which one market ceased to provide returns while the other market remained unchanged, participants showed behavioral contrast by decreasing investment in the non‐producing market and dramatically increasing investing in the unchanged market. A third phase restored the original return rates and matching was observed. In a fourth phase, one market ceased to provide returns while the other market remained unchanged, and less robust evidence of behavioral contrast was found. These results replicate and extend previous research are one of the few demonstrations of behavioral contrast in adults, are consistent with matching theory and show that options are valued relatively, not absolutely. Copyright © 2015 John Wiley & Sons, Ltd.

Cite this work

No public copy is stored for this record, so only the metadata is cited.

Stored only when both papers are in the corpus — 9 citations exist upstream.

Papers that cite the same references — the relational fallback while embeddings are still backfilling.