Proc Natl Acad Sci U S A
November 2024
How do people search for information when they are given the opportunity to freely explore their options? Previous research has suggested that people focus on reducing uncertainty before making a decision, but it remains unclear how exactly they do so and whether they do so consistently. We present an analysis of over 1,000,000 information-search decisions made by over 2,500 individuals in a decisions-from-experience setting that cleanly separates information search from choice. Using a data-driven approach supported by a formal measurement framework, we examine how people allocate samples to options and how they decide to terminate search.
View Article and Find Full Text PDFProc Natl Acad Sci U S A
March 2024
Do people's attitudes toward the (a)symmetry of an outcome distribution affect their choices? Financial investors seek return distributions with frequent small returns but few large ones, consistent with leading models of choice in economics and finance that assume right-skewed preferences. In contrast, many experiments in which decision-makers learn about choice options through experience find the opposite choice tendency, in favor of left-skewed options. To reconcile these seemingly contradicting findings, the present work investigates the effect of skewness on choices in experience-based decisions.
View Article and Find Full Text PDFIndividuals' decisions under risk tend to be in line with the notion that "losses loom larger than gains." This loss aversion in decision making is commonly understood as a stable individual preference that is manifested across different contexts. The presumed stability and generality, which underlies the prominence of loss aversion in the literature at large, has been recently questioned by studies reporting how loss aversion can disappear, and even reverse, as a function of the choice context.
View Article and Find Full Text PDFThe ability of climate skeptics to block climate action depends on prevailing beliefs among the public. Research in advanced democracies has shown skepticism about the existence, the causes, and the consequences of climate change to be associated with socio-demographic features and political ideology. Yet, little is known about climate-related beliefs elsewhere.
View Article and Find Full Text PDFAngew Chem Int Ed Engl
July 2023
The design of high-affinity synthetic host-guest complexes is of paramount importance because they are key elements in constructing unprecedented supramolecular assemblies, functional materials, molecular probes, artificial signal transduction events, and interfaces with the biological world. The present review article collects recent achievements in the design of 1 : 1 host-guest complexes with outstanding stabilities, i.e.
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