The availability of non-instrumental information increases risky decision-making.

ABSTRACT: Contemporary models of decision-making under risk focus on estimating the final value of each alternative course of action. According to such frameworks, information that has no capacity to alter a future payoff (i.e., is "non-instrumental") should have little effect on one's preference for risk. Importantly, however, recent work has shown that information, despite being non-instrumental, may nevertheless exert a striking influence on behavior. Here, we tested whether the opportunity to passively observe the sequence of events following a decision could modulate risky behavior, even if that information could not possibly influence the final result. Across three experiments, 71 individuals chose to accept or reject gambles on a five-window slot machine. If a gamble was accepted, each window

SUBMITTER: Matthews JR 

PROVIDER: S-EPMC10716073 | biostudies-literature | 2023 Oct

REPOSITORIES: biostudies-literature