The impassable gap between experiential and symbolic values
Maël Lebreton
- Fonction : Auteur
- PersonId : 1286627
- IdHAL : mael-lebreton
- ORCID : 0000-0002-2071-4890
Sacha Bourgeois-Gironde
- Fonction : Auteur
- PersonId : 1224748
- IdHAL : sacha-bourgeois-gironde
- ORCID : 0000-0003-1767-0919
Stefano Palminteri
- Fonction : Auteur
- PersonId : 1189601
- ORCID : 0000-0001-5768-6646
Résumé
To choose between options of different natures, standard decision models presume that a single representational system ultimately indexes their subjective value on a common scale, regardless of how they are constructed. To challenge this assumption, we systematically investigated hybrid decisions between experiential options, whose value is built from past outcomes experience, and symbolic options which describe probabilistic outcomes. We show that participants' choices exhibited a pattern consistent with a systematic neglect of the experiential values. This normatively irrational decision strategy held after accounting for alternative explanations, and persisted when it bore an economics cost. Overall, our results demonstrate that experiential and symbolic values are not symmetrically considered in hybrid decisions, suggesting that they are not commensurable and recruit different representational systems which may be assigned different priority levels in the decision process. These findings challenge the dominant models commonly used in value-based decision-making research.
Domaines
Economies et financesFormat du dépôt | Notice |
---|---|
Type de dépôt | Article dans une revue |
Titre |
en
The impassable gap between experiential and symbolic values
|
Résumé |
en
To choose between options of different natures, standard decision models presume that a single representational system ultimately indexes their subjective value on a common scale, regardless of how they are constructed. To challenge this assumption, we systematically investigated hybrid decisions between experiential options, whose value is built from past outcomes experience, and symbolic options which describe probabilistic outcomes. We show that participants' choices exhibited a pattern consistent with a systematic neglect of the experiential values. This normatively irrational decision strategy held after accounting for alternative explanations, and persisted when it bore an economics cost. Overall, our results demonstrate that experiential and symbolic values are not symmetrically considered in hybrid decisions, suggesting that they are not commensurable and recruit different representational systems which may be assigned different priority levels in the decision process. These findings challenge the dominant models commonly used in value-based decision-making research.
|
Auteur(s) |
Basile Garcia
1
, Maël Lebreton
2, 3
, Sacha Bourgeois-Gironde
4
, Stefano Palminteri
1
1
ENS-PSL -
École normale supérieure - Paris
( 59704 )
- 45, Rue d'Ulm - 75230 Paris cedex 05
- France
2
PSE -
Paris School of Economics
( 301309 )
- 48 boulevard Jourdan 75014 Paris
- France
3
PJSE -
Paris Jourdan Sciences Economiques
( 578027 )
- 48 boulevard Jourdan 75014 Paris
- France
4
Université Paris-Panthéon-Assas
( 1091427 )
- 12 place du Panthéon - 75231 Paris Cedex 05
- France
|
Licence |
Paternité
|
Nom de la revue |
|
Public visé |
Scientifique
|
Vulgarisation |
Non
|
Comité de lecture |
Oui
|
Audience |
Internationale
|
Langue du document |
Anglais
|
Date de publication |
2022-02
|
Domaine(s) |
|
DOI | 10.21203/rs.3.rs-1361189/v1 |
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