TY  - JOUR
PY  - 1978//
TI  - Risky choice: An examination of information acquisition behavior
JO  - Memory and cognition
A1  - Payne, J. W.
A1  - Braunstein, Myron L.
SP  - 554
EP  - 561
VL  - 6
IS  - 5
N2  - The monitoring of information acquisition behavior, along with other process tracing measures such as response times, was used to examine how individuals process information about gambles into a decision. Subjects indicated preferences among specially constructed three-outcome gambles. The number of alternatives available was varied across the sets of gambles. A majority of the subjects processed information about the gambles in ways inconsistent with compensatory models of risky decision making, such as information integration (Anderson & Shanteau, 1970). Furthermore, the inconsistency between observed information acquisition behavior and such compensatory rules increased as the choice task became more complex. Alternative explanations of risky choice behavior are considered.<p /> <p>Language: en</p>
LA  - en
SN  - 0090-502X
UR  - http://dx.doi.org/10.3758/BF03198244
ID  - ref1
ER  -