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Research output: Contribution to Journal/Magazine › Journal article › peer-review
Research output: Contribution to Journal/Magazine › Journal article › peer-review
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TY - JOUR
T1 - Bias-trigger manipulation and task-form understanding in Monty Hall
AU - Kaivanto, Kim
AU - Kroll, Eike B.
AU - Zabinski, Michael
PY - 2014
Y1 - 2014
N2 - Monty Hall is a difficult task which triggers multiple biases. With sophisticated subjects and treatments that reverse and eliminate these triggers, non-rational choice is greatly reduced. Among task-familiar subjects, non-rational choice can fall to background-error levels. But as our data also show, task-form recognition is necessary but not sufficient for rational choice when the task calls for conditional probability reasoning rather than simple rule-based behavior, as in e.g. 'Switch in Monty Hall.' Task-form understanding, a more stringent requirement, proves to be necessary and sufficient for rational choice in generalized Monty Hall conditional probability reasoning tasks.
AB - Monty Hall is a difficult task which triggers multiple biases. With sophisticated subjects and treatments that reverse and eliminate these triggers, non-rational choice is greatly reduced. Among task-familiar subjects, non-rational choice can fall to background-error levels. But as our data also show, task-form recognition is necessary but not sufficient for rational choice when the task calls for conditional probability reasoning rather than simple rule-based behavior, as in e.g. 'Switch in Monty Hall.' Task-form understanding, a more stringent requirement, proves to be necessary and sufficient for rational choice in generalized Monty Hall conditional probability reasoning tasks.
M3 - Journal article
VL - 34
SP - 89
EP - 98
JO - Economics Bulletin
JF - Economics Bulletin
SN - 1545-2921
IS - 1
ER -