This study investigated the "knew it all along" explanation of the hypercorrection effect. The hypercorrection effect refers to the finding that when people are given corrective feedback, errors that are committed with high confidence are easier to correct than low-confidence errors. Experiment 1 showed that people were more likely to…

A long line of research on behavioral economics has established the importance of factors that are typically absent from the standard economic framework: reference dependent preferences, hyperbolic preferences, and the value placed on non-financial rewards. To date, these insights have had little impact on the way the educational system operates.…

The implementation of higher-order conditional motor behavior was investigated in the present fMRI study with the objective of answering three questions: (a) what happens in situations where one stimulus dimension alone does not sufficiently determine the correct response?; (b) does the implementation of second-order stimulus-response (S-R) rules…

This article presents a dual system model (DSM) of decision making under risk and uncertainty according to which the value of a gamble is a combination of the values assigned to it independently by the affective and deliberative systems. On the basis of research on dual process theories and empirical research in Hsee and Rottenstreich (2004) and…