Schulze,C.
Newell,B.R.

© 2016 Psychonomic Society, Inc. Cognitive load has previously been found to have a positive effect on strategy selection in repeated risky choice. Specifically, whereas inferior probability matching often prevails under single-task conditions, optimal probability maximizing sometimes dominates when a concurrent task competes for cognitive resources. We examined the extent to which this seemingly beneficial effect of increased task demands hinges on the effort required to implement each of the choice strategies. Probability maximizing typically involves a simple repeated response to a single option, whereas probability matching requires choice proportions to be tracked carefully throughout a sequential choice task. Here, we flipped this pattern by introducing a manipulation that made the implementation of maximizing more taxing and, at the same time, allowed decision makers to probability match via a simple repeated response to a single option. The results from two experiments showed that increasing the implementation effort of probability maximizing resulted in decreased adoption rates of this strategy. This was the case both when decision makers simultaneously learned about the outcome probabilities and responded to a dual task (Exp. 1) and when these two aspects were procedurally separated in two distinct stages (Exp. 2). We conclude that the effort involved in implementing a choice strategy is a key factor in shaping repeated choice under uncertainty. Moreover, highlighting the importance of implementation effort casts new light on the sometimes surprising and inconsistent effects of cognitive load that have previously been reported in the literature.

Schulze, C., & Newell, B. R. (in press). Taking the easy way out? Increasing implementation effort reduces probability maximizing under cognitive load. Memory & Cognition. doi:10.3758/s13421-016-0595-x (Full text)

Publication year	in press
Document type:	Article
Publication status:	In press
External URL:	http://dx.doi.org/10.3758/s13421-016-0595-x View
Categories:
Keywords:	decision makingprobability matchingrational choice theoryworking memory load