 Thinking Aloud While Solving a Stock‐Flow Task: Surfacing the Correlation Heuristic and Other Reasoning PatternsHubert Korzilius, Stephan Raaijmakers, Etiënne Rouwette and Jac Vennix Systems Research and Behavioral Science, 2014, vol. 31, issue 2, 268-279 Abstract: In the literature, it is assumed that individuals, while performing stock‐flow tasks, often use a correlation heuristic, a form of pattern matching in which they think that the behavior of the stock resembles the (net) flow. To investigate this assumption and to increase our insight in the actual reasoning patterns when performing stock‐flow tasks, we conducted an experiment by using the department store task as baseline. In the treatment condition, participants performed the stock‐flow task while thinking aloud; in the control condition, they only had to write down their answers. The correlation heuristic was corroborated: participants actually did verbalize their thoughts in terms of the biggest difference between inflow and outflow at a particular point, thus expressing the correlation heuristic in words. However, other reasoning strategies that led to incorrect claims were also found. Further research is desirable to elaborate insight in the precursors of heuristic reasoning. Copyright © 2013 John Wiley & Sons, Ltd. Date: 2014 Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:bla:srbeha:v:31:y:2014:i:2:p:268-279 Ordering information: This journal article can be ordered from Access Statistics for this article More articles in Systems Research and Behavioral Science from Wiley Blackwell |
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