2018
DOI: 10.31234/osf.io/pw5tr
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Decision-makers use social information to update their preferences—but choose for others as they do for themselves

Abstract: People’s risky decisions can be highly influenced by the social context in which they take place. Across three experiments we investigated the influence of three social factors upon participants’ decisions: the recipient of the decision-making outcome (self, other, or joint), the nature of the relationship with the other agent (friend, stranger, or teammate), and the type of information that participants received about others’ preferences: none at all, information about how previous participants had decided, o… Show more

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“…In situations of collective activity, the problem of incommensurability also arises in another form; namely, it is not obvious how an agent compares her own costs and benefits not only with each other but also with those of her partner. There is limited empirical work in this area, which has produced mixed findings (see for example Apps et al, 2016;Michael et al, 2020). In the absence of relevant research, we must note that it is unclear how James should or would compare Giulia's enjoyment of companionship on a walk with his own preference for remaining at home.…”
Section: (In-)commensurability Of Costs and Benefitsmentioning
confidence: 99%
“…In situations of collective activity, the problem of incommensurability also arises in another form; namely, it is not obvious how an agent compares her own costs and benefits not only with each other but also with those of her partner. There is limited empirical work in this area, which has produced mixed findings (see for example Apps et al, 2016;Michael et al, 2020). In the absence of relevant research, we must note that it is unclear how James should or would compare Giulia's enjoyment of companionship on a walk with his own preference for remaining at home.…”
Section: (In-)commensurability Of Costs and Benefitsmentioning
confidence: 99%