Abstract
Is it possible to carry out complex multi-attribute decisions (which require an estimation of the weighted average) intuitively, without resorting to simplifying heuristics? Over the course of 600 trials, 26 participants had to choose the better-suiting job-candidate, a task requiring comparison of two alternatives over three/four/five dimensions with specified importance weights, with a time constraint forcing intuitive decisions. Participants performed the task fast (mean reaction time (RT) ~ 1.5 s) and with high accuracy (~86%). The participants were classified as users of one of three strategies: Weighted Additive Utility (WADD), Equal Weight rule and Take-The-Best heuristic (TTB). Fifty-nine percent of the participants were classified as users of the compensatory WADD strategy and 29% as users of the non-compensatory TTB. Moreover, the WADD users achieved higher task accuracy without showing time costs. The results provide support for the existence of an automatic compensatory mechanism in weighted average estimations.
| Original language | English |
|---|---|
| Pages (from-to) | 1542-1548 |
| Number of pages | 7 |
| Journal | Psychonomic Bulletin and Review |
| Volume | 25 |
| Issue number | 4 |
| DOIs | |
| State | Published - 1 Aug 2018 |
| Externally published | Yes |
Bibliographical note
Publisher Copyright:© 2018, Psychonomic Society, Inc.
Keywords
- Compensatory process
- Decision making
- Take-the-best
- Weighted average
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