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The impact of experience on the tendency to accept recommended defaults

Roth, Yefim, Waldman, Greta Maayan, Erev, Ido·2024·Judgment and Decision Making

Abstract

Two preregistered web studies are presented that explore the impact of experience on the tendency to accept recommended defaults. In each of the 100 trials, participants (n = 180, n = 165) could accept a recommended default option or choose a less attractive prospect. The location of the options (left or right) was randomly determined before each trial. Both studies compared two conditions. Under Condition Dominant, the default option maximized participants’ payoff in all trials. Under Condition Protective, the default option protected the participants from rare losses and maximized expected return but decreased payoff in most trials. The results reveal a tendency to accept the default in Condition Dominant but the opposite tendency in Condition Protective. This pattern was predicted by assuming that in addition to promoting specific actions, the presentation of the default changes the set of feasible strategies, and choice between these strategies reflects reliance on small samples of past experiences.

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Image 1
CC-BY · From the PDF
Figure 1 Left panel: experiment instructions, sample choice, and results screens for participants in each condition. Right panel: mean default rate in each of the 100 trials in Condition Dominant and Protective. The stars on the right-hand side present the predicted behavior of experienced agents that base each choice on a sample of only five past experiences.
Figure 1 Left panel: experiment instructions, sample choice, and results screens for participants in each condition. Right panel: mean default rate in each of the 100 trials in Condition Dominant and Protective. The stars on the right-hand side present the predicted behavior of experienced agents that base each choice on a sample of only five past experiences.CC-BY · From the PDF
Figure 2 Average individual default rates in the last 20 trials, as a function of the recency score in the first 80 trials, in study 1 (left) and study 2 (right). The shapes reflect the default rates in the first two trials.
Figure 2 Average individual default rates in the last 20 trials, as a function of the recency score in the first 80 trials, in study 1 (left) and study 2 (right). The shapes reflect the default rates in the first two trials.CC-BY · From the PDF
Image 4
CC-BY · From the PDF

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Research works printed but not linked: 1

  1. Plonsky, O. , Apel, R. , Ert, E. , Tennenholtz, M. , Bourgin, D. , Peterson, J. C. , & Erev, I . (2019). Predicting human decisions with behavioral theories and machine learning. preprint arXiv:1904.06866 · arXiv

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Metadata

Authors
Roth, Y., Waldman, G. M., & Erev, I.
Venue
Judgment and Decision Making
Published
2024
Volume
19
ISSN
1930-2975
Cited by
0
References
27
Language
en
Funders
Israel Science Foundation (1857/22, 861/22)

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CoChat. (2026). Citation check: The impact of experience on the tendency to accept recommended defaults. https://app.cochat.ai/papers/10.1017/jdm.2023.49
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Roth, Y., Waldman, G. M., & Erev, I. (2024). The impact of experience on the tendency to accept recommended defaults. Judgment and Decision Making. https://doi.org/10.1017/jdm.2023.49

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