Outcome-desirability bias in resource management problems

Thinking and Reasoning 5 (4):327 – 337 (1999)
  Copy   BIBTEX

Abstract

Sequences of numbers representing prior resource size were presented to participants in a common-pool resource dilemma. The numbers were sampled from uniform probability distributions with either a low variance (low resource uncertainty) or a high variance (high resource uncertainty). Presentations were both sequential and simultaneous. Three groups of 16 undergraduates either estimated the size of the resource when it did not represent value to them; requested an amount from the resource, identified with a sum of money, when the outcome of the requests only depended on resource size; or requested from the resource (sum of money) when the outcome of the requests depended on both resource size and how much others in a group requested. In support of an individual outcome-desirability bias due to selective recall of the number sequences, after sequential presentation larger requests were observed when resource uncertainty was high than when it was low. No effects of resource uncertainty or presentation were found on the estimates of resource size. Whether or not the outcome of the requests depended on others' requests made little difference.

Links

PhilArchive



    Upload a copy of this work     Papers currently archived: 92,873

External links

Setup an account with your affiliations in order to access resources via your University's proxy server

Through your library

Similar books and articles

Philosophical resources for Christian thought.Perry D. LeFevre (ed.) - 1968 - Nashville,: Abingdon Press.
The analysis of resource-limited vision systems.Ronald A. Rensink & Greg Provan - 1991 - Proceedings of the Thirteenth Annual Conference of the Cognitive Science Society 1:311-316.
Exploring the future with resource-bounded agents.Michael Fisher & Chiara Ghidini - 2009 - Journal of Logic, Language and Information 18 (1):3-21.

Analytics

Added to PP
2009-01-28

Downloads
41 (#398,370)

6 months
9 (#352,506)

Historical graph of downloads
How can I increase my downloads?

Citations of this work

No citations found.

Add more citations

References found in this work

The Tragedy of the Commons.Garrett Hardin - 1968 - Science 162 (3859):1243-1248.
The elusive wishful thinking effect.Maya Bar-Hillel & David Budescu - 1995 - Thinking and Reasoning 1 (1):71 – 103.

Add more references