search query: @indexterm SAVINGS / total: 351
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| Author: | Vlaev, I. Chater, N. Stewart, N. |
| Title: | Seeing is not enough: manipulating choice options causes focusing and preference change in multiattribute risky decision-making |
| Journal: | Journal of Behavioral Decision Making
2008 : DEC, VOL 21:5, p. 556-574 |
| Index terms: | decision making bias savings risk United Kingdom |
| Language: | eng |
| Abstract: | The article claims that direct manipulation causes focusing bias and thus, when integrating several information sources, the attributes that influence preferences can be manipulated. A study is conducted in which students and staff from Oxford University had to make decisions on savings and investment risk, as well as observe future financial consequences. When risk-related variables were removed, participants saved less and took more risk. In case of contrast between manipulating and observing choice attributes, decisions seem to be based on the manipulated attributes. |
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