2 Free Papers Via Journal Of Behavioral Decision Making

Original source: SimoleonSense.com .

I love it when journals have early view online access…

Paper 1: Task formats and ambiguity aversion (click here for the paper)

This paper proposes that task format (choosing or rejecting) moderates the effect of ambiguity aversion. Specifically, an ambiguous option is more attractive in a choosing task than in a rejecting task compared with a risky option. The author performed three experiments to test the propositions. In the first experiment, participants showed less ambiguity aversion when they had to choose a preferred option (risky or ambiguous) compared with when they had to reject an option they preferred less. In the second experiment with a monetary incentive, participants had to form a cash-equivalent estimate for both a risky gamble and an ambiguous gamble in a traditional Ellsberg scenario. The ambiguous option emerged as more attractive than the risky option in the choosing task compared with the rejecting task. The third experiment showed that the participants’ decision rationale mediated the effect of the task format on choice. These three experiments support the proposition that task formats moderate the effect of ambiguity aversion. On the basis of the findings, the author provides suggestions for practice and further research.

Paper 2: The influence of aging on preferences for sequences of mixed affective events (click here to for the paper)
Research on preferences among sequences of mixed affective events has mostly used young adults as participants. Given differences due to aging in people’s ability to regulate emotion, one could expect differences due to aging in preferences for different sequences. Study 1 demonstrated age-related differences in how older adults (age 65 and older) versus young adults (age 18-25) choose to order mixed affective events that will occur over time. The tendency to choose sequences in which the final event is positive was greater among older adults versus young adults. And, more so than young adults, older adults preferred that the positive and negative events in a sequence be separated in time by a neutral event. Studies 2-3 investigated age-related differences in overall retrospective evaluations of presented sequences of mixed affective events. In contrast to young adults, older adults’ retrospective evaluations were not affected by: (1) whether the final trend of the sequence improved monotonically; (2) whether the last event in the sequence was positive; or (3) the temporal proximity of positive and negative events in the sequence. Results of Study 3 suggest that these age-related differences are due to differences in older (vs. young) adults’ ability to regulate emotion.