Delaying decisions in order to learn the distribution of options

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dc.contributor.authorKramer, Adam D. I.
dc.date.accessioned2011-05-09T21:14:44Z
dc.date.available2011-05-09T21:14:44Z
dc.date.issued2010-09
dc.descriptionxiii, 154 p. : ill. A print copy of this thesis is available through the UO Libraries. Search the library catalog for the location and call number.en_US
dc.description.abstractThis dissertation explores two basic hypotheses about how humans make decisions when presented with a sequential series of options: 1) people have a desire to learn about or experience qualities of the set of options available to them and will delay choice to gain such knowledge; and 2) delaying decision-making in order to better understand the set of options available will lead to better knowledge of the distribution of potential options and better decision outcomes. Three studies, conducted on a total of 302 college student participants, used an "optimal stopping" paradigm, in which participants viewed a series of options (in Studies I and 2, the options determined how their time would he spent in the latter part of the study: in Study 3, the options represented qualities of a hypothetical potential housemate). Participants had to choose or reject each in turn. I show consistent support for two hypothesis: Decision-makers continue to view and review options in order to gain a better understanding of the distribution of potential options, and decision-makers who have a better understanding of the option space end up with higher-quality decisions, using objective, subjective, and revealed-preference measures of quality. These results were consistent for multi-attribute decisions, single-attribute decisions. hypothetical decisions, and non-hypothetical decisions using both within-subjects and between-subjects designs. Individual differences among decision-makers did not show any consistent individual difference results, though decision-makers higher in numeracy appear to make better use of the cues available to them. In sum, decision-making appears to he aided by understanding the distribution of options, suggesting that it is occasionally wise to delay or "procrastinate" choice in order to gain an understanding of potential options when choosing.en_US
dc.description.sponsorshipCommittee in charge: Sara Hodges, Chairperson, Psychology; Sanjay Srivastava, Member, Psychology; Paul Slovic, Member, Psychology; Lynn Kahle, Outside Member, Marketingen_US
dc.identifier.urihttps://hdl.handle.net/1794/11157
dc.language.isoen_USen_US
dc.publisherUniversity of Oregonen_US
dc.relation.ispartofseriesUniversity of Oregon theses, Dept. of Psychology, Ph. D., 2010;
dc.subjectDecision makingen_US
dc.subjectDecision delayen_US
dc.subjectProcrastinationen_US
dc.subjectOption potentialen_US
dc.subjectSocial psychologyen_US
dc.subjectExperimental psychologyen_US
dc.subjectCognitive psychologyen_US
dc.titleDelaying decisions in order to learn the distribution of optionsen_US
dc.typeThesisen_US

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