Tracking decision makers under uncertainty

Amos Arieli, Yaniv Ben-Ami, Ariel Rubinstein

    Research output: Contribution to journalArticle

    Abstract

    Eye tracking is used to investigate the procedures that participants employ in choosing between two lotteries. Eye movement patterns in problems where the deliberation process is clearly identified are used to substantiate an interpretation of the results. The data provide little support for the hypothesis that decision makers rely exclusively upon an expected utility type of calculation. Instead eye patterns indicate that decision makers often compare prizes and probabilities separately. This is particularly true when the multiplication of sums and probabilities is laborious to compute.

    Original languageEnglish (US)
    Pages (from-to)68-76
    Number of pages9
    JournalAmerican Economic Journal: Microeconomics
    Volume3
    Issue number4
    DOIs
    StatePublished - Nov 2011

    ASJC Scopus subject areas

    • Economics, Econometrics and Finance(all)

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