Intuitive Politicians or Unintuitive Penitents? Regret Aversion, Accountability and Justification in the Decoy Effect

Several studies have shown that the decoy (or attraction) effect is amplified when participants anticipate having to justify their choices to an external audience. We report here two experiments examining the impact on the decoy effect of making future regret possibilities salient, a manipulation th...

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Bibliographic Details
Main Authors: Connolly, Terry, REB, Jochen Matthias
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2011
Subjects:
Online Access:https://ink.library.smu.edu.sg/lkcsb_research/3322
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Institution: Singapore Management University
Language: English