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Related Experiment Video

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Using Practice Testing, Public Speaking, and Source Monitoring to Examine the Influences of Learning Strategies and Stress on Episodic Memory

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Published on: June 14, 2019

Influence of memory processes on choice-consistency.

Felix J Nitsch¹, Tobias Kalenscher¹

¹Comparative Psychology, Heinrich-Heine-University Düsseldorf, 40225 Düsseldorf, Germany.

Royal Society Open Science

|October 27, 2021

Summary

Choice consistency, a sign of rational decision-making, was tested using memory retention. Results showed no link between memory and consistency, suggesting potential issues with the study's data quality.

Keywords:

choice-consistency cognitive modelling memory revealed preference

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The Joint Effect of Social Comparison and Social Distance on Evaluation of Intertemporal Choice Outcomes in Event-related Potential Studies

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Published on: August 25, 2023

Area of Science:

Cognitive psychology
Neuroscience
Decision science

Background:

Rational choice theory assumes consistent decision-making.
Real-world decision-making exhibits inconsistencies due to cognitive limitations.
Memory processes are theorized to influence choice consistency, but this remains untested.

Purpose of the Study:

To experimentally investigate the impact of memory retention on choice consistency.
To test the hypothesis that reduced memory retention leads to decreased choice consistency.

Main Methods:

A novel multi-attribute visual choice paradigm was employed.
Memory retention was manipulated using varying retention intervals.
Manipulation checks confirmed reduced memory representation strength with longer intervals.

Main Results:

No evidence supported the hypothesis that choice consistency decreases with longer retention times.
Participant choice consistency was indistinguishable from random behavior, indicating a potential floor effect.
Low test-retest reliability of choice consistency was observed.

Conclusions:

The study's data quality was insufficient to conclusively evaluate the hypotheses due to a likely floor effect.
High difficulty in discriminating between choice options may have contributed to the observed low consistency.
Further research is needed with improved methods to assess the memory-consistency link.