Abstract:Kim and Beck (2020b) demonstrated that value-driven attention is based on relative value rather than absolute value, suggesting that prospect theory is relevant to our understanding of value-driven attention. To further this understanding, the present study investigated the impacts of diminishing sensitivity on value-driven attention. According to diminishing sensitivity, changes in outcomes have greater impacts nearer the reference point of 0 than farther from the point. Thus, the difference between $1 and $1… Show more
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