Related Experiment Video
Updated: Jan 13, 2026

Errors as a Means of Reducing Impulsive Food Choice
Published on: June 5, 2016
Choice Set Size Neglect in Predicting Others' Preferences
Beidi Hu1, Alice Moon2, Eric VanEpps3
1Department of Marketing, Booth School of Business, University of Chicago.
None:
An inherent feature of any choice is the set size from which that choice is made (i.e., the number of available options in a choice set). Choice set size impacts the likelihood of landing on a more preferred option: Larger sets are more likely to contain an option matching one's preferences. Nevertheless, in six preregistered experiments with 10,092 U.S. adults, we demonstrated that people consistently underestimated the effect of set size when predicting others' liking for a chosen option. We propose this effect arises because, although people recognize that set size predicts liking of a chosen option, they typically fail to attend to it when considering others' choices. Accordingly, this effect was attenuated when attention was drawn to set size, specifically (a) when participants considered multiple set sizes simultaneously, (b) when the decision process was framed as ranking rather than choosing, or (c) when participants were prompted to recall set size before predicting others' preferences.
Related Concept Videos
Hindsight Biases
Self-Serving Bias
Prediction Intervals
However, the point estimate is most likely not the exact value of the population parameter, but close to it. After calculating point estimates, we construct interval estimates, called confidence intervals or prediction intervals. This prediction interval comprises a range of values unlike the point estimate and is a better predictor of the observed sample value, y.
The Availability Heuristic
The Anchoring-and-Adjustment Heuristic
Law of Independent Assortment

