The elusiveness of context effects in decision making

Mikhail S Spektor1, Sudeep Bhatia2, Sebastian Gluth3

  • 1Department of Economics and Business, Universitat Pompeu Fabra, Ramon Trias Fargas 25-27, 08005 Barcelona, Spain; Barcelona Graduate School of Economics, Ramon Trias Fargas 25-27, 08005 Barcelona, Spain.

Summary

Decision-making is influenced by context, leading to preference reversals. This study categorizes contextual factors like spatial arrangement, attribute concreteness, and deliberation time to explain these decision-making phenomena.

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