Context effects occur when a choice between 2 options is altered by adding a 3rd alternative. Three major context effects--similarity, compromise, and attraction--have wide-ranging implications across applied and theoretical domains, and have driven the development of new dynamic models of multiattribute and multialternative choice. We propose the multiattribute linear ballistic accumulator (MLBA), a new dynamic model that provides a quantitative account of all 3 context effects. Our account applies not only to traditional paradigms involving choices among hedonic stimuli, but also to recent demonstrations of context effects with nonhedonic stimuli. Because of its computational tractability, the MLBA model is more easily applied than previous dynamic models. We show that the model also accounts for a range of other phenomena in multiattribute, multialternative choice, including time pressure effects, and that it makes a new prediction about the relationship between deliberation time and the magnitude of the similarity effect, which we confirm experimentally.

Item Type:	Refereed Article
Research Division:	Psychology and Cognitive Sciences
Research Group:	Cognitive Sciences
Research Field:	Decision Making
Objective Division:	Expanding Knowledge
Objective Group:	Expanding Knowledge
Objective Field:	Expanding Knowledge in Psychology and Cognitive Sciences
Author:	Heathcote, A (Professor Andrew Heathcote)
ID Code:	98933
Year Published:	2014
Web of Science® Times Cited:	29
Deposited By:	Medicine (Discipline)
Deposited On:	2015-03-10
Last Modified:	2015-05-11
Downloads:	0