{"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/"}]}