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• W2105473609 abstract "The present paper examines the interplay between causal rea: soning and decision making. We use a repeated decision mak: ing paradigm to investigate how people adapt their choice be: havior when being confronted with changes in the decision environment. We argue that people are sensitive to the causal texture of a decision problem and adjust their choice behavior in accordance with their causal beliefs. In the first study we examine how people adapt their decision making behavior when new options whose consequences have not been ob: served yet become available. In the second study the causal system underlying the decision problem is modified to inves: tigate how prior experiences with the choice task affect deci: sion making. The results show that decision makers’ choice behavior is strongly contingent on their causal beliefs and that they exploit their causal knowledge to assess the conse: quences of changes in the decision problem situation. A high consistency between hypotheses about causal structure, ex: pected values, and actual choices was observed." @default.
• W2105473609 created "2016-06-24" @default.
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• W2105473609 date "2009-01-01" @default.
• W2105473609 modified "2023-09-26" @default.
• W2105473609 title "Causal induction enables adaptive decision making" @default.
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