“…inhibition, set-shifting, cognitive flexibility) and working memory are assumed to be important for exercising cognitive control (including functions such as reflecting on options, feedback monitoring, planning, and strategy application) and for the evaluation of risks, which is why they are attributed to reflective information processing. Results of experimental studies indicate that executive functions are especially relevant in decision situations where no direct feedback about (long-term) consequences is available (Brand et al, 2009;Mueller, Schiebener, Stöckigt, & Brand, 2017), misleading biases are present (Schiebener, Wegmann, Pawlikowski, & Brand, 2012), or no support is offered (Schiebener et al, 2013). Accordingly, external influences of the decision situation, such as feedback or supportive information, can have positive effects on decision making under objective risk (see also Figner, Mackinlay, Wilkening, & Weber, 2009).…”