Matches in SemOpenAlex for { <https://semopenalex.org/work/W3204113683> ?p ?o ?g. }
- W3204113683 abstract "The dual-system approach holds that deliberative decisions and in-depth evaluation processes lead people to better financial decisions. However, research identifies situations where optimal economic decisions may stem from a more intuitive decision process. In the current work, we present three experimental studies that examined how these two modes-of-thought affect financial decisions. In Study 1, deliberative processes were indeed associated with better one-shot descriptive-based financial decisions. However, Study 2 showed that when participants were asked to make repeated decisions and were required to learn from their experience, the advantage of deliberative over intuitive processes was eliminated. In addition, when participants employed intuitive processes, the quality of their financial decisions improved significantly with experience. Finally, Study 3 showed that the deliberative processing style may lose its advantage when information is not fully available. Overall, these findings suggest that deliberation may contribute to financial decision-making in one-shot decisions. However, when information is lacking, and decisions are repetitive, intuitive processes might be just as good." @default.
- W3204113683 created "2021-10-11" @default.
- W3204113683 creator A5040158142 @default.
- W3204113683 creator A5042729182 @default.
- W3204113683 creator A5090769350 @default.
- W3204113683 date "2021-09-27" @default.
- W3204113683 modified "2023-09-25" @default.
- W3204113683 title "Time Is Money: The Effect of Mode-of-Thought on Financial Decision-Making" @default.
- W3204113683 cites W1493127275 @default.
- W3204113683 cites W1577912494 @default.
- W3204113683 cites W1843246605 @default.
- W3204113683 cites W1979666437 @default.
- W3204113683 cites W1992350651 @default.
- W3204113683 cites W1997458533 @default.
- W3204113683 cites W2009014521 @default.
- W3204113683 cites W2010737058 @default.
- W3204113683 cites W2035782089 @default.
- W3204113683 cites W2039223548 @default.
- W3204113683 cites W2042808523 @default.
- W3204113683 cites W2045868928 @default.
- W3204113683 cites W2046411892 @default.
- W3204113683 cites W2050550852 @default.
- W3204113683 cites W2058528333 @default.
- W3204113683 cites W2072500831 @default.
- W3204113683 cites W2075725455 @default.
- W3204113683 cites W2075780421 @default.
- W3204113683 cites W2079840564 @default.
- W3204113683 cites W2090276690 @default.
- W3204113683 cites W2090789917 @default.
- W3204113683 cites W2092624065 @default.
- W3204113683 cites W2096452841 @default.
- W3204113683 cites W2099058918 @default.
- W3204113683 cites W2103255872 @default.
- W3204113683 cites W2115675543 @default.
- W3204113683 cites W2118825929 @default.
- W3204113683 cites W2119659537 @default.
- W3204113683 cites W2121001250 @default.
- W3204113683 cites W2123263762 @default.
- W3204113683 cites W2128348355 @default.
- W3204113683 cites W2130100150 @default.
- W3204113683 cites W2136940446 @default.
- W3204113683 cites W2148962857 @default.
- W3204113683 cites W2149371022 @default.
- W3204113683 cites W2152676810 @default.
- W3204113683 cites W2155479778 @default.
- W3204113683 cites W2159330383 @default.
- W3204113683 cites W2162829624 @default.
- W3204113683 cites W2167366201 @default.
- W3204113683 cites W2426223366 @default.
- W3204113683 cites W2624516300 @default.
- W3204113683 cites W2801315616 @default.
- W3204113683 cites W2819882284 @default.
- W3204113683 cites W3040193520 @default.
- W3204113683 cites W3045171447 @default.
- W3204113683 cites W3083977039 @default.
- W3204113683 cites W3122409402 @default.
- W3204113683 cites W3124704578 @default.
- W3204113683 cites W3124896223 @default.
- W3204113683 cites W3125353710 @default.
- W3204113683 cites W3125685058 @default.
- W3204113683 cites W3125893568 @default.
- W3204113683 cites W4235316990 @default.
- W3204113683 cites W4238740420 @default.
- W3204113683 cites W4292157289 @default.
- W3204113683 cites W4294415280 @default.
- W3204113683 cites W4320300817 @default.
- W3204113683 doi "https://doi.org/10.3389/fpsyg.2021.735823" @default.
- W3204113683 hasPubMedCentralId "https://www.ncbi.nlm.nih.gov/pmc/articles/8503517" @default.
- W3204113683 hasPubMedId "https://pubmed.ncbi.nlm.nih.gov/34646216" @default.
- W3204113683 hasPublicationYear "2021" @default.
- W3204113683 type Work @default.
- W3204113683 sameAs 3204113683 @default.
- W3204113683 citedByCount "3" @default.
- W3204113683 countsByYear W32041136832022 @default.
- W3204113683 countsByYear W32041136832023 @default.
- W3204113683 crossrefType "journal-article" @default.
- W3204113683 hasAuthorship W3204113683A5040158142 @default.
- W3204113683 hasAuthorship W3204113683A5042729182 @default.
- W3204113683 hasAuthorship W3204113683A5090769350 @default.
- W3204113683 hasBestOaLocation W32041136831 @default.
- W3204113683 hasConcept C10138342 @default.
- W3204113683 hasConcept C111472728 @default.
- W3204113683 hasConcept C111919701 @default.
- W3204113683 hasConcept C124952713 @default.
- W3204113683 hasConcept C138885662 @default.
- W3204113683 hasConcept C142362112 @default.
- W3204113683 hasConcept C15744967 @default.
- W3204113683 hasConcept C162324750 @default.
- W3204113683 hasConcept C17744445 @default.
- W3204113683 hasConcept C199539241 @default.
- W3204113683 hasConcept C2776035688 @default.
- W3204113683 hasConcept C2776946740 @default.
- W3204113683 hasConcept C2779530757 @default.
- W3204113683 hasConcept C2780980858 @default.
- W3204113683 hasConcept C41008148 @default.
- W3204113683 hasConcept C46312422 @default.
- W3204113683 hasConcept C94625758 @default.
- W3204113683 hasConcept C98045186 @default.
- W3204113683 hasConceptScore W3204113683C10138342 @default.
- W3204113683 hasConceptScore W3204113683C111472728 @default.