Preference reversal in intertemporal decision making
This study examines asymmetric preference reversals in intertemporal decision-making by comparing gain and loss contexts across choice and bidding tasks. In the gain context, participants preferred smaller, sooner (SS) rewards in choice tasks but assigned higher valuations to larger, later (LL) rewa...
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| Format: | Article |
| Language: | English |
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Frontiers Media S.A.
2024-12-01
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| Series: | Frontiers in Psychology |
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| Online Access: | https://www.frontiersin.org/articles/10.3389/fpsyg.2024.1423615/full |
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| author | Yan-Bang Zhou Kun Zhang Hong-Kun Zhai Qing Bao Shanshan Xiao Junhua Dang |
| author_facet | Yan-Bang Zhou Kun Zhang Hong-Kun Zhai Qing Bao Shanshan Xiao Junhua Dang |
| author_sort | Yan-Bang Zhou |
| collection | DOAJ |
| description | This study examines asymmetric preference reversals in intertemporal decision-making by comparing gain and loss contexts across choice and bidding tasks. In the gain context, participants preferred smaller, sooner (SS) rewards in choice tasks but assigned higher valuations to larger, later (LL) rewards in bidding tasks. Conversely, in the loss context, they showed a preference for LL options in choice tasks but provided lower bids for SS options. Bidding tasks consistently required longer decision times than choice tasks, indicating greater cognitive demands during valuation processes. A real-world questionnaire involving 370 participants validated these findings across economic and health-related scenarios. These results underscore the role of task formats in shaping preferences, offering practical insights for refining strategies in behavioral decision-making and applied contexts. |
| format | Article |
| id | doaj-art-6d4c9a2ba3f94516abe806d134527097 |
| institution | Kabale University |
| issn | 1664-1078 |
| language | English |
| publishDate | 2024-12-01 |
| publisher | Frontiers Media S.A. |
| record_format | Article |
| series | Frontiers in Psychology |
| spelling | doaj-art-6d4c9a2ba3f94516abe806d1345270972024-12-04T04:32:38ZengFrontiers Media S.A.Frontiers in Psychology1664-10782024-12-011510.3389/fpsyg.2024.14236151423615Preference reversal in intertemporal decision makingYan-Bang Zhou0Kun Zhang1Hong-Kun Zhai2Qing Bao3Shanshan Xiao4Junhua Dang5Institute of Teacher Education, Ningxia University, Yinchuan, ChinaInstitute of Teacher Education, Ningxia University, Yinchuan, ChinaFaculty of Education, Tianjin Normal University, Tianjin, ChinaSchool of Journalism and Communication, Ningxia University, Yinchuan, ChinaDepartment of Psychology, Stockholm University, Stockholm, SwedenSchool of Humanities and Social Sciences, Xi’an Jiaotong University, Xi’an, ChinaThis study examines asymmetric preference reversals in intertemporal decision-making by comparing gain and loss contexts across choice and bidding tasks. In the gain context, participants preferred smaller, sooner (SS) rewards in choice tasks but assigned higher valuations to larger, later (LL) rewards in bidding tasks. Conversely, in the loss context, they showed a preference for LL options in choice tasks but provided lower bids for SS options. Bidding tasks consistently required longer decision times than choice tasks, indicating greater cognitive demands during valuation processes. A real-world questionnaire involving 370 participants validated these findings across economic and health-related scenarios. These results underscore the role of task formats in shaping preferences, offering practical insights for refining strategies in behavioral decision-making and applied contexts.https://www.frontiersin.org/articles/10.3389/fpsyg.2024.1423615/fullpreference reversalintertemporal choicegainlossresponse modes |
| spellingShingle | Yan-Bang Zhou Kun Zhang Hong-Kun Zhai Qing Bao Shanshan Xiao Junhua Dang Preference reversal in intertemporal decision making Frontiers in Psychology preference reversal intertemporal choice gain loss response modes |
| title | Preference reversal in intertemporal decision making |
| title_full | Preference reversal in intertemporal decision making |
| title_fullStr | Preference reversal in intertemporal decision making |
| title_full_unstemmed | Preference reversal in intertemporal decision making |
| title_short | Preference reversal in intertemporal decision making |
| title_sort | preference reversal in intertemporal decision making |
| topic | preference reversal intertemporal choice gain loss response modes |
| url | https://www.frontiersin.org/articles/10.3389/fpsyg.2024.1423615/full |
| work_keys_str_mv | AT yanbangzhou preferencereversalinintertemporaldecisionmaking AT kunzhang preferencereversalinintertemporaldecisionmaking AT hongkunzhai preferencereversalinintertemporaldecisionmaking AT qingbao preferencereversalinintertemporaldecisionmaking AT shanshanxiao preferencereversalinintertemporaldecisionmaking AT junhuadang preferencereversalinintertemporaldecisionmaking |