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A matter of time: Antecedents of one-reason decision making based on recognition
Authors:Benjamin E Hilbig  Edgar Erdfelder  Rüdiger F Pohl
Affiliation:School of Social Sciences, University of Mannheim, Germany; Max Planck Institute for Research on Collective Goods, Bonn, Germany.
Abstract:The notion of adaptive decision making implies that strategy selection in both inferences and preferences is driven by a trade-off between accuracy and effort. A strategy for probabilistic inferences which is particularly attractive from this point of view is the recognition heuristic (RH). It proposes that judgments rely on recognition in isolation-ignoring any further information that might be available-and thereby allows for substantial effort-reduction. Consequently, it is herein hypothesized that and tested whether increased necessity of effort-reduction-as implemented via time pressure-fosters reliance on the RH. Two experiments corroborated that this was the case, even with relatively mild time pressure. In addition, this result held even when non-compliance with the response deadline did not yield negative monetary consequences. The current investigations are among the first to tackle the largely open question of whether effort-related factors influence the reliance on heuristics in memory-based decisions.
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