At the core: Metaphors and Preference Consistency At the core: Metaphors and Preference Consistency

At the core: Metaphors and Preference Consistency

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Publisher Description

In 2009 the three academics On Amir, Dan Ariely and Leonard Lee published the article "In Search of Homo Economicus" in the Journal of Consumer Research (JCR). After having conducted five experiments the conclusion of this article was that people who put more trust
in their feelings show more consistent preferences than people who base their decisions on analytics and deliberation. Supported was that resulting conclusion of the psychological fundamental that emotions are nothing more than efficient programmes, designed by evolution to ensure species preserving reactions on external influences. The author of the present paper tested the aforementioned tenor critically by setting up two experiments using
the previous work by Amir, Ariely and Lee as a basis. In the first experiment 131 probands were tested, in a second slightly modified experiment 26 persons participated in the experiment. After several tests of the collected data material the conclusion of Amir, Ariely
and Lee cannot be supported. In fact, data of persons who are assumed to be deliberate thinkers showed lower numbers of errors.

GENRE
Business & Personal Finance
RELEASED
2011
26 August
LANGUAGE
EN
English
LENGTH
70
Pages
PUBLISHER
GRIN Verlag
PROVIDER INFO
Open Publishing GmbH
SIZE
3.8
MB
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