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Clarifying the role of an unavailable distractor in human multiattribute choice
16 references·8 citing·37 second hop
Clarifying the role of an unavailable distractor in human multiattribute choice (2022)Clarifying the role of an unavailable dis…Ubiquitous Log Odds: A Common Representation of Probability and Frequency Distortion in Perception, Action, and Cognition (2012)Ubiquitous Log Odds: A Common…New paradoxes of risky decision making. (2008)New paradoxes of risky decisi…The Neural Basis of Loss Aversion in Decision-Making Under Risk (2007)The Neural Basis of Loss Aver…Theory of Games and Economic Behavior (2006)Theory of Games and Economic …Frames, Biases, and Rational Decision-Making in the Human Brain (2006)Frames, Biases, and Rational …Extending the Bounds of Rationality: Evidence and Theories of Preferential Choice (2006)Extending the Bounds of Ratio…Predicting Risk Sensitivity in Humans and Lower Animals: Risk as Variance or Coefficient of Variation. (2004)Predicting Risk Sensitivity i…Loss Aversion and Inhibition in Dynamical Models of Multialternative Choice. (2004)Loss Aversion and Inhibition …Multialternative decision field theory: A dynamic connectionst model of decision making. (2001)Multialternative decision fie…Risk attitudes and decision weights (1995)Risk attitudes and decision w…Advances in prospect theory: Cumulative representation of uncertainty (1992)Advances in prospect theory: …Adding Asymmetrically Dominated Alternatives: Violations of Regularity and the Similarity Hypothesis (1982)Adding Asymmetrically Dominat…Prospect Theory: An Analysis of Decision under Risk (1979)Prospect Theory: An Analysis …The choice axiom after twenty years (1977)The choice axiom after twenty…Risk Aversion in the Small and in the Large (1964)Risk Aversion in the Small an…Exposition of a New Theory on the Measurement of Risk (1954)Exposition of a New Theory on…Early versus late noise differentially enhances or degrades context-dependent choice (2025)Early versus late noise diffe…Valuations of target items are drawn towards unavailable decoy items due to prior expectations (2024)Valuations of target items ar…The timescale and functional form of context-dependence during human value-learning (2024)The timescale and functional …Reviewer #2 (Public Review): Distractor effects in decision making are related to the individual’s style of integrating choice attributes (2024)Reviewer #2 (Public Review): …Distractor effects in decision making are related to the individual’s style of integrating choice attributes (2024)Distractor effects in decisio…Distractor effects in decision making are related to the individual’s style of integrating choice attributes (2023)Distractor effects in decisio…Distractor effects in decision making are related to the individual’s style of integrating choice attributes (2023)Distractor effects in decisio…Decision bias and sampling asymmetry in reward-guided learning (2023)Decision bias and sampling as…A BEHAVIORAL MODEL OF RATIONAL CHOICE (1955)Decision making: A psychological analysis of conflict, choice, and commitment (1978)Status quo bias in decision making (1988)Estimating parameters of the diffusion model: Approaches to dealing with contaminant reaction times and parameter variability (2002)Behavioral reasoning theory: Identifying new linkages underlying intentions and behavior (2005)Mindful Judgment and Decision Making (2008)Judgment under Uncertainty: Heuristics and Biases (1975)Prospect theory: An analysis of decision under risk (1988)Loss Aversion in Riskless Choice: A Reference-Dependent Model (1991)Individual differences in reasoning: Implications for the rationality debate? (2000)A perspective on judgment and choice: Mapping bounded rationality. (2003)The Framing of Decisions and the Psychology of Choice (1981)Emotion Theory and Research: Highlights, Unanswered Questions, and Emerging Issues (2008)Communicating climate change: history, challenges, process and future directions (2009)Neuroeconomics: decision making and the brain (2014)Individual Choice Behavior (1962)Conditional logit analysis of qualitative choice behavior (1972)Elimination by aspects: A theory of choice. (1972)Adaptive strategy selection in decision making. (1988)Choice Based on Reasons: The Case of Attraction and Compromise Effects (1989)Choice in Context: Tradeoff Contrast and Extremeness Aversion (1992)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)The Effects of Financial Incentives in Experiments: A Review and Capital-Labor-Production Framework (1999)Experience-Based and Description-Based Perceptions of Long-Term Risk: Why Global Warming does not Scare us (Yet) (2006)What shapes perceptions of climate change? (2010)Social neuroeconomics: the neural circuitry of social preferences (2007)Risky business: the neuroeconomics of decision making under uncertainty (2008)Influencing behaviour: The mindspace way (2011)An Iterative Method of Solving a Game (1951)Optimal rules for ordering uncertain prospects (1975)The Contributions of Industrial Organization To Strategic Management, (1981)Risk Aversion and Incentive Effects (2002)Maps of Bounded Rationality: Psychology for Behavioral Economics (2003)Explicating dynamic capabilities: the nature and microfoundations of (sustainable) enterprise performance (2007)On the measurement of inequality (1970)THE VALUATION OF RISK ASSETS AND THE SELECTION OF RISKY INVESTMENTS IN STOCK PORTFOLIOS AND CAPITAL BUDGETS**This paper is another in a series of interrelated theoretical and statistical studies of corporate financial and investment policies being made under grants from the Rockefeller Foundation, and more recently the Ford Foundation, to the Harvard Business School. The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. Sharpe does not take up the capital budgeting problem developed in section V below.] (1975)The arbitrage theory of capital asset pricing (1976)
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References

  • 1979Prospect Theory: An Analysis of Decision under Risk48,459 cited
  • 1992Advances in prospect theory: Cumulative representation of uncertainty15,457 cited
  • 1964Risk Aversion in the Small and in the Large4,964 cited
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  • 1982Adding Asymmetrically Dominated Alternatives: Violations of Regularity and the Similarity Hypothesis1,944 cited
  • 2007The Neural Basis of Loss Aversion in Decision-Making Under Risk1,733 cited
  • 2006Frames, Biases, and Rational Decision-Making in the Human Brain1,590 cited
  • 2006Theory of Games and Economic Behavior940 cited
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  • 2004Predicting Risk Sensitivity in Humans and Lower Animals: Risk as Variance or Coefficient of Variation.724 cited
  • 2012Ubiquitous Log Odds: A Common Representation of Probability and Frequency Distortion in Perception, Action, and Cognition679 cited
  • 1995Risk attitudes and decision weights569 cited
  • 1977The choice axiom after twenty years555 cited
  • 2004Loss Aversion and Inhibition in Dynamical Models of Multialternative Choice.403 cited
  • 2008New paradoxes of risky decision making.

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389 cited
  • 2006Extending the Bounds of Rationality: Evidence and Theories of Preferential Choice372 cited
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    • 2024Reviewer #2 (Public Review): Distractor effects in decision making are related to the individual’s style of integrating choice attributes5 cited
    • 2024Valuations of target items are drawn towards unavailable decoy items due to prior expectations4 cited
    • 2023Distractor effects in decision making are related to the individual’s style of integrating choice attributes2 cited
    • 2023Decision bias and sampling asymmetry in reward-guided learning2 cited
    • 2025Early versus late noise differentially enhances or degrades context-dependent choice1 cited
    • 2023Distractor effects in decision making are related to the individual’s style of integrating choice attributes1 cited
    • 2024The timescale and functional form of context-dependence during human value-learning1 cited
    • 2024Distractor effects in decision making are related to the individual’s style of integrating choice attributes1 cited