Time Pressure as an Amplifier of Information Preferences in Risky Decision Making

Abstract

An investigation of the effect of time pressure on information utilization in risky decision making. Predictions from two competing hypotheses were compared, through analyses of information preferences in a risky choice task using eye tracking and behavioral data. Conclusions from prior studies propose that time pressure causes an increased reliance on information about negative outcomes in risky decisions. The present study suggests that the effect of time pressure rather interacts with the pre-existing information preferences of the decision maker, by increasing reliance on the information the decision maker considers most central.