2015
DOI: 10.2298/psi1502135e
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The influence of affect on suboptimal strategy choice in the Monty Hall dilemma

Abstract: The Monty Hall dilemma (MHD) presents an intriguing choice anomaly that offers insight into human reasoning. It presents a specific subclass of decision tasks that require the adequate use of Bayes theorem in order to make optimal decisions. In the MHD, participants are presented with three doors with only one door hiding the prize. After their initial choice of a door, they are offered additional information. A different door (one that does not hide the prize and one not chosen by the partic… Show more

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Cited by 1 publication
(6 citation statements)
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“…Fourth, people’s suboptimal MHD performance can be explained by the larger amount of regret participants anticipate to experience after a loss due to switching rather than to a loss due to staying (Stibel et al, 2009), or by a more general reliance on affect (Efendic & Drace, 2015). In Stibel et al’s (2009) experiment, participants solved one trial of (a variant of) the classical MHD.…”
Section: Resultsmentioning
confidence: 99%
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“…Fourth, people’s suboptimal MHD performance can be explained by the larger amount of regret participants anticipate to experience after a loss due to switching rather than to a loss due to staying (Stibel et al, 2009), or by a more general reliance on affect (Efendic & Drace, 2015). In Stibel et al’s (2009) experiment, participants solved one trial of (a variant of) the classical MHD.…”
Section: Resultsmentioning
confidence: 99%
“…Participants’ switching responses were higher compared with those of participants who themselves made the initial choice. In the study of Efendic & Drace (2015), participants were assigned either to the control condition or to the reliance on affect condition. Participants of the latter condition repeatedly received the instruction to take into account how positive or negative they felt regarding their choice behaviour and to rely on their affect and emotions in order to make their final choice.…”
Section: Resultsmentioning
confidence: 99%
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