Biased expectations about future choice options predict sequential economic decisions

Abstract Considerable research has shown that people make biased decisions in “optimal stopping problems”, where options are encountered sequentially, and there is no opportunity to recall rejected options or to know upcoming options in advance (e.g. when flat hunting or choosing a spouse). Here, we...

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Bibliographic Details
Main Authors: Didrika S. van de Wouw, Ryan T. McKay, Nicholas Furl
Format: Article
Language:English
Published: Nature Portfolio 2024-12-01
Series:Communications Psychology
Online Access:https://doi.org/10.1038/s44271-024-00172-8
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