6 October 2021: Context-Dependence Induces False Memories of Economic Values: A Test Across Three Decision-Making Modalities and Four Preference Elicitation Methods

Stefano Palminteri
Department of Cognitive Studies
École normale supérieure

I will present results from seven experiments (N=100 each) demonstrating that, in the context of human learning decision-making, the way in which options are arranged (i.e., the choice architecture) significantly affects the resulting memory representations of economic values. More specifically, economic values stored in memory do not reflect objective values, but are generally consistent with a partial range adaptation process. The results are robust across preference elicitation methods (choices or ratings), decision-making modalities (experience-based or description-based), and across days.

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