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ERIC Number: EJ1377762
Record Type: Journal
Publication Date: 2023-Jan
Pages: 32
Abstractor: As Provided
ISBN: N/A
ISSN: ISSN-0278-7393
EISSN: EISSN-1939-1285
Available Date: N/A
Speed-Accuracy Tradeoffs in Decision Making: Perception Shifts and Goal Activation Bias Decision Thresholds
Journal of Experimental Psychology: Learning, Memory, and Cognition, v49 n1 p1-32 Jan 2023
A fundamental aspect of decision making is the speed-accuracy tradeoff (SAT): slower decisions tend to be more accurate, but because time is a scarce resource people prefer to conclude decisions more quickly. The current research adds to the SAT literature by documenting two previously unrecognized influences on the SAT: perception shifts and goal activation. Decision makers' perceptions of what constitutes a "fast" or a "slow" decision, and what constitutes an "accurate" or "inaccurate" decision, are based on prior experience, and these perceptions influence decision speed. Similarly, previous experience in a decision context associates the context with a particular decision goal. Thus, in later decisions the decision context will activate this goal, and influence decision speed. Both of these mechanisms contribute to a specific decision bias: decision speeds are biased toward original decision speeds in a decision context. Four experiments provide evidence for the bias and the two contributing mechanisms.
American Psychological Association. Journals Department, 750 First Street NE, Washington, DC 20002. Tel: 800-374-2721; Tel: 202-336-5510; Fax: 202-336-5502; e-mail: order@apa.org; Web site: http://www.apa.org
Publication Type: Journal Articles; Reports - Research
Education Level: Higher Education; Postsecondary Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
Grant or Contract Numbers: N/A
Data File: URL: https://osf.io/wbyj7/
Author Affiliations: N/A