Decision processes in choice overload: A product of delay and probability discounting?

Brent A. Kaplan, Derek D. Reed

Research output: Contribution to journalArticlepeer-review

10 Scopus citations

Abstract

Recent research in the behavioral decision making literature has demonstrated that humans hyperbolically discount the subjective value of options as the number of options increases (Reed et al., 2012). These findings provide a cognitive-behavioral synthesis of the "choice overload" phenomenon, also known as the "paradox of choice." Specifically, these findings suggest that temporal discounting may serve as the underlying process contributing to this effect. As an extension, this study examined the effects of reward magnitude sizes had on rates temporal and options discounting. This manipulation was conducted to determine what role temporal discounting plays in discounting of options. The present results suggest that temporal discounting may not be the only process contributing to the choice overload effect.

Original languageEnglish
Pages (from-to)21-24
Number of pages4
JournalBehavioural Processes
Volume97
DOIs
StatePublished - Jul 2013

Bibliographical note

Funding Information:
The authors express sincere gratitude to Todd McKerchar for his insight on data interpretations. Portions of this study were funded by a Research Award to the first author through the Honors Program at the University of Kansas.

Keywords

  • Choice
  • Choice overload
  • Delay discounting
  • Options discounting

ASJC Scopus subject areas

  • Animal Science and Zoology
  • Behavioral Neuroscience

Fingerprint

Dive into the research topics of 'Decision processes in choice overload: A product of delay and probability discounting?'. Together they form a unique fingerprint.

Cite this