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Naturalistic multiattribute choice
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Bhatia, Sudeep and Stewart, Neil (2018) Naturalistic multiattribute choice. Cognition, 179 . pp. 71-88.
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Official URL: https://doi.org/10.1016/j.cognition.2018.05.025
Abstract
We study how people evaluate and aggregate the attributes of naturalistic choice objects, such as movies and food items. Our approach applies theories of object representation in semantic memory research to large-scale crowd-sourced data, to recover multiattribute representations for common choice objects. We then use standard choice experiments to test the predictive power of various decision rules for weighting and aggregating these multiattribute representations. Our experiments yield three novel conclusions: 1. Existing multiattribute decision rules, applied to object representations trained on crowd-sourced data, predict participant choice behavior with a high degree of accuracy; 2. Contrary to prior work on multiattribute choice, weighted additive decision rules outperform heuristic rules in out-of-sample predictions; and 3. The best performing decision rules utilize rich object representations with a large number of underlying attributes. Our results have important implications for the study of multiattribute choice.
| Item Type: | Journal Article | |||||||||||||||
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| Subjects: | B Philosophy. Psychology. Religion > BF Psychology H Social Sciences > HF Commerce |
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| Divisions: | Faculty of Science, Engineering and Medicine > Science > Psychology | |||||||||||||||
| Library of Congress Subject Headings (LCSH): | Multiattribute models (Consumer attitudes), Semantic memory | |||||||||||||||
| Journal or Publication Title: | Cognition | |||||||||||||||
| Publisher: | Elsevier | |||||||||||||||
| ISSN: | 1873-7838 | |||||||||||||||
| Official Date: | October 2018 | |||||||||||||||
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| Volume: | 179 | |||||||||||||||
| Page Range: | pp. 71-88 | |||||||||||||||
| Status: | Peer Reviewed | |||||||||||||||
| Publication Status: | Published | |||||||||||||||
| Access rights to Published version: | Open Access | |||||||||||||||
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