According to Legrenzi et al. [Cognition 49 (1993) 37], in making a choice people consider only the alternatives explicitly represented in their mental model of the decision situation. Their idea has found empirical support in the "focusing effect": Individuals focus on the alternatives explicitly stated in the problem context, and do not take into account other possibilities. In their original study, Legrenzi and colleagues considered only one factor to account for the explicit representation of an alternative - i.e., its explicit verbal formulation in the decision problem. Recent theories of relevance and information gain can help articulate their original idea, suggesting that individuals explicitly represent relevant alternatives, whethe...
Decision situations are typically characterized by uncertainty: Individuals do not know the values o...
Context effects--preference changes that depend on the availability of other options--have attracted...
The standard revealed preference argument relies on an implicit assumption that a decision maker con...
According to Legrenzi et al. [Cognition 49 (1993) 37], in making a choice people consider only the a...
Legrenzi et al. [Legrenzi, P., Girotto, V., & Johnson-Laird, P. N. (1993). Focusing in reasoning and...
Theoretical discussions and models of preferential choice have significantly improved our understand...
Several behavioural models of choice assume that decision makers place more weight on attributes whe...
Several recent models of choice build on the idea that decision makers are more likely to choose an ...
We show that preferences depend on the attributes that can be directly manipulated when people need ...
Marketers often use salient stimuli to draw consumers' attention to a specific brand in the hope tha...
Contains fulltext : 55729.pdf (publisher's version ) (Closed access)Contrary to co...
In 2 experiments, the authors sought to distinguish between the claim that recognition of an object ...
Humans and other animals often violate economic principles when choosing between multiple alternativ...
According to research studying the processes underlying decisions, a two-channel mechanism connects ...
When deciding whether to buy an item, consumers sometimes think about other ways they could spend th...
Decision situations are typically characterized by uncertainty: Individuals do not know the values o...
Context effects--preference changes that depend on the availability of other options--have attracted...
The standard revealed preference argument relies on an implicit assumption that a decision maker con...
According to Legrenzi et al. [Cognition 49 (1993) 37], in making a choice people consider only the a...
Legrenzi et al. [Legrenzi, P., Girotto, V., & Johnson-Laird, P. N. (1993). Focusing in reasoning and...
Theoretical discussions and models of preferential choice have significantly improved our understand...
Several behavioural models of choice assume that decision makers place more weight on attributes whe...
Several recent models of choice build on the idea that decision makers are more likely to choose an ...
We show that preferences depend on the attributes that can be directly manipulated when people need ...
Marketers often use salient stimuli to draw consumers' attention to a specific brand in the hope tha...
Contains fulltext : 55729.pdf (publisher's version ) (Closed access)Contrary to co...
In 2 experiments, the authors sought to distinguish between the claim that recognition of an object ...
Humans and other animals often violate economic principles when choosing between multiple alternativ...
According to research studying the processes underlying decisions, a two-channel mechanism connects ...
When deciding whether to buy an item, consumers sometimes think about other ways they could spend th...
Decision situations are typically characterized by uncertainty: Individuals do not know the values o...
Context effects--preference changes that depend on the availability of other options--have attracted...
The standard revealed preference argument relies on an implicit assumption that a decision maker con...