Decision making in environments with non-independent dimensions, experimental data

Bhatia, Sudeep (2017). Decision making in environments with non-independent dimensions, experimental data. [Data Collection]. Colchester, Essex: UK Data Archive. 10.5255/UKDA-SN-852830

This network project brings together economists, psychologists, computer and complexity scientists from three leading centres for behavioural social science at Nottingham, Warwick and UEA. This group will lead a research programme with two broad objectives: to develop and test cross-disciplinary models of human behaviour and behaviour change; to draw out their implications for the formulation and evaluation of public policy.
Foundational research will focus on three inter-related themes: understanding individual behaviour and behaviour change; understanding social and interactive behaviour; rethinking the foundations of policy analysis.
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The research will integrate theoretical perspectives from multiple disciplines and utilise a wide range of complementary methodologies including: theoretical modeling of individuals, groups and complex systems; conceptual analysis; lab and field experiments; analysis of large data sets.
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Data description (abstract)

This paper tests whether the dimensions involved in preferential choice tasks are evaluated independently from one another. Common decision heuristics satisfy dimensional independence, and multi-strategy models that assume that decision makers use a repertoire of these heuristics predict that they are unable to represent and respond to dimensional dependencies in the decision environment. In contrast, some single-strategy models are able to violate dimensional independence, and subsequently adapt to environments that feature interacting dimensions. Across five experiments, this paper documents systematic violations of the assumption of dimensional independence. This suggests that decision makers are able to modify their behavior to respond to dimensional dependencies in their environment, and in turn those models that are unable to do this do not provide a full account of human strategy selection and behavior change. This paper ends with a discussion of ways in which some existing models can be modified to incorporate violations of dimensional independence.

Data creators:
Creator Name Affiliation ORCID (as URL)
Bhatia Sudeep University of Pennsylvania
Sponsors: Economic and Social Research Council
Grant reference: ES/K002201/1
Topic classification: Economics
Psychology
Keywords: multi-attribute choice, decision making, independence, common-consequence effect
Project title: Network for Integrated Behavioural Science
Grant holders: Chris Starmer, Nick Chater, Daniel John Zizzo, Gordon Brown, Anders Poulsen, Martin Sefton, Neil Stewart, Uwe Aickelin, Robert Sugden, John Gathergood, Simon Gaechter, Abigail Barr, Shaun Hargreaves-Heap, Enrique Fatas, Robert MacKay, Daniel Read, Graham Loomes, Theodore Turocy, Robin Cubitt
Project dates:
FromTo
31 December 201230 September 2017
Date published: 07 Dec 2017 14:11
Last modified: 07 Dec 2017 14:12

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