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{ "pk": 26912, "title": "Exploring the decision dynamics of risky intertemporal choice", "subtitle": null, "abstract": "Previous research on the effects of probability and delay ondecision-making has focused on examining each dimensionseparately, and hence little is known about when these dimen-sions are combined into a single choice option. Importantly,we know little about the psychological processes underlyingchoice behavior with rewards that are both delayed and proba-bilistic. Using a process-tracing experimental design, we mon-itored information acquisition patterns and processing strate-gies. We found that probability and delay are processed se-quentially and evaluations of risky delayed prospects are de-pendent on the sequence of information acquisition. Amongchoice strategies, directly comparing the values of each dimen-sion (i.e., dimension-wise processing) appears to be most fa-vored by participants. Our results provide insights into the psy-chological plausibility of existing computational models andmake suggestions for the development of a process model forrisky intertemporal choice.", "language": "eng", "license": { "name": "", "short_name": "", "text": null, "url": "" }, "keywords": [ { "word": "Risky Intertemporal Choice; Process Tracing;Path Dependency; Sequential Processing; Decision Strategies" } ], "section": "Talks: Papers", "is_remote": true, "remote_url": "https://escholarship.org/uc/item/2h82h1x8", "frozenauthors": [ { "first_name": "Emmanouil", "middle_name": "", "last_name": "Konstantinidis", "name_suffix": "", "institution": "University of New South Wales", "department": "" }, { "first_name": "Don", "middle_name": "", "last_name": "van Ravenzwaai", "name_suffix": "", "institution": "University of Groningen", "department": "" }, { "first_name": "Ben", "middle_name": "R.", "last_name": "Newell", "name_suffix": "", "institution": "University of New South Wales", "department": "" } ], "date_submitted": null, "date_accepted": null, "date_published": "2017-01-01T18:00:00Z", "render_galley": null, "galleys": [ { "label": "PDF", "type": "pdf", "path": "https://journalpub.escholarship.org/cognitivesciencesociety/article/26912/galley/16548/download/" } ] }