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Memory reflected in our decisions: Higher working memory capacity predicts greater bias in risky choice

By Jonathan Corbin, Todd Mcelroy and Cassie Black

Abstract

The current study looks at the role working memory plays in risky-choice framing. Eighty-six participants took the Automatic OSPAN, a measurement of working memory; this was followed by a risky-choice framing task. Participants with high working memory capacities demonstrated well pronounced framing effects, while those with low working memory capacities did not. This pattern suggests that, in a typical risky-choice decision task, elaborative encoding of task information by those with high working memory capacity may lead them to a more biased decision compared to those with low working memory

Topics: Asian disease problem, framing, risky choice, working memory capacity, context, fuzzy-trace theory
Year: 2013
OAI identifier: oai:CiteSeerX.psu:10.1.1.318.7015
Provided by: CiteSeerX
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