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- W2000375744 abstract "Decision-makers with ideal candidates already in mind often extend search beyond optimal endpoints when searching for the best option among a sequential list of alternatives. Extended search is investigated here using three laboratory experiments; individuals in these tasks exhibit future-bias, delaying choice beyond normative benchmarks. Searchers' behavior is consistent with setting high thresholds based on a focal ideal outcome without full attention to its probability or the value of second-best alternatives; the behavior is partially debiased by manipulating which outcomes are in the searchers' focal set. Documenting future-bias in sequential search tasks offers new insights for understanding self-control and intertemporal choice by providing a situation in which thresholds may be set too high and myopic behavior does not prevail. Copyright © 2008 John Wiley & Sons, Ltd." @default.
- W2000375744 created "2016-06-24" @default.
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- W2000375744 date "2008-10-01" @default.
- W2000375744 modified "2023-09-26" @default.
- W2000375744 title "Future-biased search: the quest for the ideal" @default.
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- W2000375744 doi "https://doi.org/10.1002/bdm.593" @default.
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