Bias-trigger manipulation and task-form understanding in Monty Hall

Kaivanto, Kim and Kroll, Eike B. and Zabinski, Michael (2014) Bias-trigger manipulation and task-form understanding in Monty Hall. Economics Bulletin, 34 (1). pp. 89-98. ISSN 1545-2921

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Abstract

Monty Hall is a difficult task which triggers multiple biases. With sophisticated subjects and treatments that reverse and eliminate these triggers, non-rational choice is greatly reduced. Among task-familiar subjects, non-rational choice can fall to background-error levels. But as our data also show, task-form recognition is necessary but not sufficient for rational choice when the task calls for conditional probability reasoning rather than simple rule-based behavior, as in e.g. 'Switch in Monty Hall.' Task-form understanding, a more stringent requirement, proves to be necessary and sufficient for rational choice in generalized Monty Hall conditional probability reasoning tasks.

Item Type:
Journal Article
Journal or Publication Title:
Economics Bulletin
Uncontrolled Keywords:
/dk/atira/pure/subjectarea/asjc/2000
Subjects:
ID Code:
68833
Deposited By:
Deposited On:
10 Mar 2014 12:04
Refereed?:
Yes
Published?:
Published
Last Modified:
27 Oct 2020 04:23