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Decisions beyond boundaries: When more information is processed faster than less

  • Max Planck Institute for Research On Collective Goods
  • University of Erfurt

Research output: Contribution to journal › Article › peer-review

73 Citations (Scopus)

Abstract

Bounded rationality models usually converge in claiming that decision time and the amount of computational steps needed to come to a decision are positively correlated. The empirical evidence for this claim is, however, equivocal. We conducted a study that tests this claim by adding and omitting information. We demonstrate that even an increase in information amount can yield a decrease in decision time if the added information increases coherence in the information set. Rather than being influenced by amount of information, decision time systematically increased with decreasing coherence. The results are discussed with reference to a parallel constraint satisfaction approach to decision making, which assumes that information integration is operated in an automatic, holistic manner.

Original languageEnglish
Pages (from-to)532-542
Number of pages11
JournalActa Psychologica
Volume139
Issue number3
DOIs
Publication statusPublished - Mar 2012
Externally publishedYes

Keywords

  • Adaptive decision making
  • Bounded rationality
  • Heuristics
  • Holistic processing
  • Parallel constraint satisfaction
  • Response time

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