Abstract:People are victims of consumer fraud and scams on a daily basis. However, in most cases, the victims could have detected the fraud if only they had checked for inconsistencies in the scammer's message. What makes some people detect and avoid a scam while others fall prey to it? This article investigates, in two experiments, the eff ects of ego depletion, issue involvement, need for cognition, and strength and valence of arguments on attitudes and attitude change. Experiment 1 tested the hypothesis that, in the… Show more
“…We measured the need for cognition with a Brazilian ten-item version of the Need for Cognition Scale (α = .84; Cacioppo et al, 1984;Caldas et al, 2019). Responses were on a five-point scale from ( 1) not at all characteristic to (5) totally characteristic.…”
A better understanding of factors that can affect preferences and choices may contribute to more accurate decision-making. Several studies have investigated the effects of cognitive biases on decision-making and their relationship with cognitive abilities and thinking dispositions. While studies on behaviour, attitude, personality, and health worries have examined their relationship with human values, research on cognitive bias has not investigated its relationship to individual differences in human values. The purpose of this study was to explore individual differences in biased choices, examining the relationships of the human values self-direction, conformity, power, and universalism with the anchoring effect, the framing effect, the certainty effect, and the outcome bias, as well as the mediation of need for cognition and the moderation of numeracy in these relationships. We measured individual differences and within-participant effects with an online questionnaire completed by 409 Brazilian participants, with an age range from 18 to 80 years, 56.7% female, and 43.3% male. The cognitive biases studied consistently influenced choices and preferences. However, the biases showed distinct relationships with the individual differences investigated, indicating the involvement of diverse psychological mechanisms. For example, people who value more self-direction were less affected only by anchoring. Hence, people more susceptible to one bias were not similarly susceptible to another. This can help in research on how to weaken or strengthen cognitive biases and heuristics.
“…We measured the need for cognition with a Brazilian ten-item version of the Need for Cognition Scale (α = .84; Cacioppo et al, 1984;Caldas et al, 2019). Responses were on a five-point scale from ( 1) not at all characteristic to (5) totally characteristic.…”
A better understanding of factors that can affect preferences and choices may contribute to more accurate decision-making. Several studies have investigated the effects of cognitive biases on decision-making and their relationship with cognitive abilities and thinking dispositions. While studies on behaviour, attitude, personality, and health worries have examined their relationship with human values, research on cognitive bias has not investigated its relationship to individual differences in human values. The purpose of this study was to explore individual differences in biased choices, examining the relationships of the human values self-direction, conformity, power, and universalism with the anchoring effect, the framing effect, the certainty effect, and the outcome bias, as well as the mediation of need for cognition and the moderation of numeracy in these relationships. We measured individual differences and within-participant effects with an online questionnaire completed by 409 Brazilian participants, with an age range from 18 to 80 years, 56.7% female, and 43.3% male. The cognitive biases studied consistently influenced choices and preferences. However, the biases showed distinct relationships with the individual differences investigated, indicating the involvement of diverse psychological mechanisms. For example, people who value more self-direction were less affected only by anchoring. Hence, people more susceptible to one bias were not similarly susceptible to another. This can help in research on how to weaken or strengthen cognitive biases and heuristics.
“…research in online marketing focuses on measuring persuasiveness of an argument using self-reported surveys (Caldas et al 2019;Gerlach, Buxmann, and Dinev 2019), or by quantifying how responsive individuals are to tailored arguments in an online survey (Axt, Landau, and Kay 2020;Ormond, Warkentin, and Crossler 2019;Wang et al 2021b). While there have been recent advances in understanding persuasion and attitudes towards products and marketing campaigns (Wang et al 2021a;Pignot, Nicolini, and Thompson 2020)), the studies are not entirely practical (e.g., using executive messaging for interviews (Pignot, Nicolini, and Thompson 2020)) or do not extract direct intentions to purchase (Wang et al 2021a).…”
Who actually expresses an intent to buy GameStop shares on Reddit? What convinces people to buy stocks? Are people convinced to support a coordinated plan to adversely impact Wall Street investors? Existing literature on understanding intent has mainly relied on surveys and self reporting; however there are limitations to these methodologies. Hence, in this paper, we develop an annotated dataset of communications centered on the GameStop phenomenon to analyze the subscriber intentions behaviors within the r/WallStreetBets community to buy (or not buy) stocks. Likewise, we curate a dataset to better understand how intent interacts with a user's general support towards the coordinated actions of the community for GameStop. Overall, our dataset can provide insight to social scientists on the persuasive power to buy into social movements online by adopting common language and narrative. WARNING: This paper contains offensive language that commonly appears on Reddit's r/WallStreetBets subreddit.
“…research in online marketing focuses on measuring persuasiveness of an argument using self-reported surveys (Caldas et al 2019;Gerlach, Buxmann, and Dinev 2019), or by quantifying how responsive individuals are to tailored arguments in an online survey (Axt, Landau, and Kay 2020;Ormond, Warkentin, and Crossler 2019;Wang et al 2021b). While there have been recent advances in understanding persuasion and attitudes towards products and marketing campaigns (Wang et al 2021a;Pignot, Nicolini, and Thompson 2020)), the studies are not entirely practical (e.g., using executive messaging for interviews (Pignot, Nicolini, and Thompson 2020)) or do not extract direct intentions to purchase (Wang et al 2021a).…”
Who actually expresses an intent to buy shares of GameStop Corporation (GME) on Reddit? What convinces people to buy stocks? Are people convinced to support a coordinated plan to adversely impact Wall Street investors? Existing literature on understanding intent has mainly relied on surveys and self-reporting; however there are limitations to these methodologies. Hence, in this paper, we develop an annotated dataset of communications centered on the GameStop phenomenon to analyze the subscriber intention behaviors within the r/WallStreetBets community to buy (or not buy) stocks. Likewise, we curate a dataset to better understand how intent interacts with a user's general support towards the coordinated actions of the community for GameStop. Overall, our dataset can provide insight to social scientists on the persuasive power of social movements online by adopting common language and narrative. WARNING: This paper contains offensive language that commonly appears on Reddit's r/WallStreetBets subreddit.
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