edoc

Losing a dime with a satisfied mind : Positive affect predicts less search in sequential decision making

von Helversen, Bettina and Rui Mata, . (2012) Losing a dime with a satisfied mind : Positive affect predicts less search in sequential decision making. Psychology and Aging, Vol. 27, H. 4. S. 825-839.

Full text not available from this repository.

Official URL: http://edoc.unibas.ch/dok/A6002610

Downloads: Statistics Overview

Abstract

We investigated the contribution of cognitive ability and affect to age differences in sequential decision making by asking younger and older adults to shop for items in a computerized sequential decision-making task. Older adults performed poorly compared to younger adults partly due to searching too few options. An analysis of the decision process with a formal model suggested that older adults set lower thresholds for accepting an option than younger participants. Further analyses suggested that positive affect, but not fluid abilities, was related to search in the sequential decision task. A second study that manipulated affect in younger adults supported the causal role of affect: Increased positive affect lowered the initial threshold for accepting an attractive option. In sum, our results suggest that positive affect is a key factor determining search in sequential decision making. Consequently, increased positive affect in older age may contribute to poorer sequential decisions by leading to insufficient search.
Faculties and Departments:07 Faculty of Psychology > Departement Psychologie > Forschungsbereich Sozial-, Wirtschafts- und Entscheidungspsychologie > Cognitive and Decision Sciences (Mata)
07 Faculty of Psychology > Departement Psychologie > Forschungsbereich Sozial-, Wirtschafts- und Entscheidungspsychologie > Economic Psychology (Rieskamp)
UniBasel Contributors:von Helversen, Bettina and Mata, Rui
Item Type:Article, refereed
Bibsysno:Link to catalogue
Publisher:American psychological association
ISSN:0882-7974
Note:Publication type according to Uni Basel Research Database: Journal article
Related URLs:
Identification Number:
Last Modified:24 May 2013 09:22
Deposited On:24 May 2013 09:11

Repository Staff Only: item control page