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Good + Bad = ? Developmental Differences in Balancing Gains and Losses in Value-Based Decisions From Memory

Horn, Sebastian S. and Mata, Rui and Pachur, Thorsten. (2019) Good + Bad = ? Developmental Differences in Balancing Gains and Losses in Value-Based Decisions From Memory. Child Development, 91 (2). pp. 417-438.

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Official URL: https://edoc.unibas.ch/72325/

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Abstract

Value-based decisions often involve comparisons between benefits and costs that must be retrieved from memory. To investigate the development of value-based decisions, 9- to 10-year olds (N = 30), 11- to 12-year olds (N = 30), and young adults (N = 30) first learned to associate gain and loss magnitudes with symbols. In a subsequent decision task, participants rapidly evaluated objects that consisted of combinations of these symbols. All age groups achieved high decision performance and were sensitive to gain-loss magnitudes, suggesting that required core cognitive abilities are developed early. A cognitive-modeling analysis of performance revealed that children were less efficient in object evaluation (drift rate) and had longer nondecision times than adults. Developmental differences, which emerged particularly for objects of high positive net value, were linked to mnemonic and numerical abilities.
Faculties and Departments:07 Faculty of Psychology > Departement Psychologie > Forschungsbereich Sozial-, Wirtschafts- und Entscheidungspsychologie > Cognitive and Decision Sciences (Mata)
UniBasel Contributors:Mata, Rui
Item Type:Article, refereed
Article Subtype:Research Article
Publisher:Wiley
ISSN:0009-3920
e-ISSN:1467-8624
Note:Publication type according to Uni Basel Research Database: Journal article
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Last Modified:23 Mar 2020 15:38
Deposited On:23 Mar 2020 15:38

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