Sizing up information distortion: quantifying its effect on the subjective values of choice options.

@article{Dekay2012SizingUI,
  title={Sizing up information distortion: quantifying its effect on the subjective values of choice options.},
  author={Michael L Dekay and Eric R. Stone and Clare M. Sorenson},
  journal={Psychonomic bulletin & review},
  year={2012},
  volume={19 2},
  pages={349-56}
}
When choosing between options, people often distort new information in a direction that favors their developing preference. Such information distortion is widespread and robust, but less is known about the magnitude of its effects. In particular, research has not quantified the effects of distortion relative to the values of the choice options. In two experiments, we manipulated participants' initial preferences in choices between risky three-outcome monetary gambles (win, lose, or neither) by… CONTINUE READING