2017
DOI: 10.1007/s11238-017-9590-3
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Does inducing choice procedures make individuals better off? An experimental study

Abstract: Over the years the psychological and economic literature on multi-attribute individual decision-making has focused its attention on examining what class of heuristics better describes subjects' behaviour. In contrast, motivated by the proliferation of online choice platforms, we investigate whether inducing subjects to use holistic vs. characteristic-based search (CBS) procedures has an effect on the quality of their decision by proposing a between-subject experiment involving an innovative visual choice task.… Show more

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References 33 publications
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