Numerical magnitude evaluation as a foundation for decision making
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Published on: October 6, 2018
Christopher Y Olivola1, Nick Chater2
1Tepper School of Business,Carnegie Mellon University,Pittsburgh,PA 15213olivola@cmu.eduhttps://sites.google.com/site/chrisolivola/.
Abstract:
The evaluation of magnitudes serves as a foundation not only for numerical and mathematical cognition, but also for decision making. Recent theoretical developments and empirical studies have linked numerical magnitude evaluation to a wide variety of core phenomena in decision making and challenge the idea that preferences are driven by an innate, universal, and stable sense of number or value.
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