eCite Digital Repository

The Best of Times and the Worst of Times Are Interchangeable

Citation

Hawkins, GE and Marley, AAJ and Heathcote, A and Flynn, TN and Louviere, JL and Brown, SD, The Best of Times and the Worst of Times Are Interchangeable, Decision, 1, (3) pp. 192-214. ISSN 2325-9965 (2014) [Refereed Article]

Copyright Statement

Copyright 2014 American Psychological Association

DOI: doi:10.1037/dec0000012

Abstract

We commonly determine the most preferred (best) and least preferred (worst) of a set of options, yet it is unclear whether the 2 choices are based on the same or different information. We examined best and worst choices using discrete choice tasks, in which participants selected either the best option from a set, the worst option, or selected both the best and the worst options. One experiment used perceptual judgments of area, and another used consumer preferences for various attributes of mobile phones. In both domains, we found that the task (best, worst, or best and worst) does not alter the preferences expressed for the best (respectively, the worst) option. We also observed that the choice probabilities were consistent with a single latent dimension—options that were frequently selected as best were infrequently selected as worst, and vice versa—both within and between respondents. A quantitative model of choice and response time provided convergent evidence on those relations, with model variants that assumed an inverse relationship between the estimated parameters for best and worst choices accounting well for the data. We conclude that the diverse types of best and worst choices that we studied can be conceived as opposing ends of a single continuous dimension rather than distinct latent entities. We discuss these results in the light of rather different results for accepting (e.g., purchasing) and rejecting (e.g., not purchasing) options from a set.

Item Details

Item Type:Refereed Article
Keywords:decision making, best-worst scaling, state-trace analysis, mathematical model, response time
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:98937
Year Published:2014
Deposited By:Medicine (Discipline)
Deposited On:2015-03-10
Last Modified:2017-10-31
Downloads:0

Repository Staff Only: item control page