Click‘n’Roll: No Evidence of Illusion of Control

Filippin, Antonio; Crosetto, Paolo

doi:10.1007/s10645-016-9282-3

Cited by 9 publications

(7 citation statements)

References 19 publications

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“…This way, all trials can be analyzed, which avoids potential truncation of the data. Such a response structure where participants make one choice out of a multitude of possible choices and receive delayed feedback enables performance which is not affected by possible violations of the reduction axiom (Crosetto and Filippin, 2013; Filippin and Crosetto, 2016). In contrast, estimates of risk attitudes based on the original BART, usually, include only trials on which balloons did not explode.…”

Section: Methodsmentioning

confidence: 99%

Impulsivity Moderates Skin Conductance Activity During Decision Making in a Modified Version of the Balloon Analog Risk Task

et al. 2019

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Individual differences in traits such as impulsivity and processing of risk and reward have been linked to decision making and may underlie divergent decision making strategies. It is, however, unclear whether and how far individual differences in these characteristics jointly influence decision making. Here, we aimed to investigate the roles of skin conductance responses, a psychophysiological marker of risk processing and impulsivity, as assessed by the Barratt Impulsiveness Scale 11 on decision making. Forty-six healthy participants performed a modified version of the Balloon Analog Risk Task (BART), where reward and explosion risk are manipulated separately. Participants are informed about whether they play a high versus low reward and high versus low explosion risk condition. The exact risk and reward contingencies are, however, unknown to participants. Participants were less risk-taking under high, compared to low explosion risk and under high reward, compared to low reward on the modified BART, which served as a validation of the paradigm. Risk-taking was negatively related to skin conductance responses under high explosion risk. This relationship was primarily driven by individuals with relatively high levels of impulsivity. However, impulsivity alone was not found to be related to decision making on the modified BART. These results extend evidence that skin conductance responses may guide decision making in situations, where participants are informed about risk level (high vs. low), which might be differentially moderated by different levels of impulsivity.

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Section: Methodsmentioning

confidence: 99%

Impulsivity Moderates Skin Conductance Activity During Decision Making in a Modified Version of the Balloon Analog Risk Task

et al. 2019

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“…Our treatments are all built on the “Click” version of BRET introduced in Filippin and Crosetto (). Subjects face a 10 × 10 square in which each numbered cell represents a box.…”

Section: Experimental Designmentioning

confidence: 99%

“… Evidence that changing the randomization device does not affect results abounds in economics (Charness and Gneezy, ; Filippin and Crosetto, ).…”

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confidence: 99%

The Sound of Others: Surprising Evidence of Conformist Behavior

Crosetto¹,

Filippin

2017

Southern Economic Journal

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. www.econstor.eu Terms of use: Documents in D I S C U S S I O N P A P E R S E R I E S ABSTRACTThe Sound of Others: Surprising Evidence of Conformist Behavior * It has been shown that subjects tend to follow others' behavior even when the external signals are uninformative. In this paper we go one step further, showing that conformism occurs even when the choices of others are not even presented to the subjects, but just indirectly perceived. We use the "Click" version of the Bomb Risk Elicitation Task, in which subjects can infer the behavior of others only from the mass of clicks heard. This signal is payoff-irrelevant and largely uninformative about the actual choices of the other participants. Moreover, it is never mentioned in the instructions and therefore it must be spontaneously (and possibly unconsciously) perceived in order to be used. We control the exposure of subjects to clicks by implementing treatments with and without earmuffs. Moreover, we test whether the introduction of a minimal form of commonality, i.e., facing a common rather than individual resolution of uncertainty, makes conformism more likely to emerge. We find strong evidence of conformist behavior even in such an adverse environment. Simply hearing the others clicking affects subjects' behavior. Introducing a common random draw results in a further dramatic shift of the average choices, in particular by women. JEL Classification:C81, C91, D81

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“…Our treatments are all built on the "Click" version of Bomb Risk Elicitation Task (BRET) introduced in Filippin and Crosetto (2016a). Subjects face a 10 × 10 square in which each numbered cell represents a box.…”

Section: Experimental Designmentioning

confidence: 99%

“…Evidence that changing the randomization device does not affect results abounds in economics(Charness and Gneezy, 2010;Filippin and Crosetto, 2016a).…”

mentioning

confidence: 99%