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PRODID:https://www.diw.de/de/diw_01.c.806339.de/veranstaltungen.html
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UID:diw_01.c.469186.en
LOCATION:Gustav-Schmoller-Raum,DIW Berlin im Quartier 110,3.3.002A,Anton-Wilhelm-Amo-Straße 58,10117 Berlin
SUMMARY:Reducing Choice Overload without Reducing Choices
DESCRIPTION:11:00 // Abstract:Previous studies have demonstrated that a multitude of options can lead to choice overload, reducing decision quality. Through controlled experiments, we examine sequential choice architectures that enable the choice set to remain large while potentially reducing the effect of choice overload. A specific tournament-style architecture achieves this goal. An alternate architecture in which subjects compare each subset of options to the most preferred option encountered thus far fails to improve performance due to the status quo bias. Subject preferences over different choice architectures are negatively correlated with performance, suggesting that providing choice over architectures might reduce the quality of decisions.
DTSTART;VALUE=DATE:20140704
DTEND;VALUE=DATE:20140704
DTSTAMP:20140701T220000Z
URL:https://www.diw.de/en/diw_01.c.469186.en/events/reducing_choice_overload_without_reducing_choices.html
ORGANIZER;CN=Tobias Schmidt:mailto:tschmidt@diw.de
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