A timeline of cognitive costs in decision-making

Christin Schulze, Ada Aka, Daniel M. Bartels, Stefan F. Bucher, Jake R. Embrey, Todd M. Gureckis, Gerald Häubl, Mark Ho, Ian Krajbich, Alexander K. Moore, Gabriele Oettingen, Joan D.K. Ongchoco, Ryan Oprea, Nicholas Reinholtz, Ben R. Newell

Research output: Contribution to journalReview articlepeer-review

Abstract

Recent research from economics, psychology, cognitive science, computer science, and marketing is increasingly interested in the idea that people face cognitive costs when making decisions. Reviewing and synthesizing this research, we develop a framework of cognitive costs that organizes concepts along a temporal dimension and maps out when costs occur in the decision-making process and how they impact decisions. Our unifying framework broadens the scope of research on cognitive costs to a wider timeline of cognitive processing. We identify implications and recommendations emerging from our framework for intervening on behavior to tackle some of the most pressing issues of our day, from improving health and saving decisions to mitigating the consequences of climate change.

Original languageEnglish (US)
JournalTrends in Cognitive Sciences
DOIs
StateAccepted/In press - 2025

Keywords

  • algorithmic cost
  • cognitive effort
  • cognitive resources
  • opportunity cost
  • representations

ASJC Scopus subject areas

  • Neuropsychology and Physiological Psychology
  • Experimental and Cognitive Psychology
  • Cognitive Neuroscience

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