We investigate whether risky choice framing, i.e., the preference of a sure over an equivalent risky option when choosing among gains, and the reverse when choosing among losses, depends on redundancy and density of information available in a task. Redundancy, the saliency of missing information, and density, the description of options in one or multiple chunks, was manipulated in a matrix setup presented in MouselabWeb. On the choice level we found a framing effect only in setups with non-redundant information. On (...) the process level outcomes attracted more acquisitions than probabilities, irrespective of redundancy. A dissociation between acquisition behavior and choice calls for a critical discussion of the limits of process-tracing measures for understanding and predicting choices in decision making tasks. (shrink)

The human information-acquisition process is one of the unifying mechanisms of the behavioral sciences. Three examples (from psychology, neuroscience, and political science) demonstrate that through inspection of this process, better understanding and hence more powerful models of human behavior can be built. The target method for this – process tracing – could serve as a central player in this building process of a unified framework. (Published Online April 27 2007).