EconPapers    
Economics at your fingertips  
 

Comparing experience- and description-based economic preferences across 11 countries

Hernán Anlló (), Sophie Bavard, FatimaEzzahra Benmarrakchi, Darla Bonagura, Fabien Cerrotti, Mirona Cicue, Maelle Gueguen, Eugenio José Guzmán, Dzerassa Kadieva, Maiko Kobayashi, Gafari Lukumon, Marco Sartorio, Jiong Yang, Oksana Zinchenko, Bahador Bahrami, Jaime Silva Concha, Uri Hertz, Anna B. Konova, Jian Li, Cathal O’Madagain, Joaquin Navajas, Gabriel Reyes, Atiye Sarabi-Jamab, Anna Shestakova, Bhasi Sukumaran, Katsumi Watanabe and Stefano Palminteri ()
Additional contact information
Hernán Anlló: Laboratory of Cognitive and Computational Neuroscience
Sophie Bavard: Laboratory of Cognitive and Computational Neuroscience
FatimaEzzahra Benmarrakchi: Intercultural Cognitive Network
Darla Bonagura: Intercultural Cognitive Network
Fabien Cerrotti: Laboratory of Cognitive and Computational Neuroscience
Mirona Cicue: University of Haifa
Maelle Gueguen: Intercultural Cognitive Network
Eugenio José Guzmán: Universidad del Desarrollo
Dzerassa Kadieva: HSE University
Maiko Kobayashi: Waseda University
Gafari Lukumon: Université Mohammed VI Polytechnique
Marco Sartorio: Universidad Torcuato Di Tella
Jiong Yang: Peking University
Oksana Zinchenko: Intercultural Cognitive Network
Bahador Bahrami: Intercultural Cognitive Network
Jaime Silva Concha: Intercultural Cognitive Network
Uri Hertz: Intercultural Cognitive Network
Anna B. Konova: Intercultural Cognitive Network
Jian Li: Intercultural Cognitive Network
Cathal O’Madagain: Intercultural Cognitive Network
Joaquin Navajas: Intercultural Cognitive Network
Gabriel Reyes: Intercultural Cognitive Network
Atiye Sarabi-Jamab: Intercultural Cognitive Network
Anna Shestakova: Intercultural Cognitive Network
Bhasi Sukumaran: Intercultural Cognitive Network
Katsumi Watanabe: Waseda University
Stefano Palminteri: Laboratory of Cognitive and Computational Neuroscience

Nature Human Behaviour, 2024, vol. 8, issue 8, 1554-1567

Abstract: Abstract Recent evidence indicates that reward value encoding in humans is highly context dependent, leading to suboptimal decisions in some cases, but whether this computational constraint on valuation is a shared feature of human cognition remains unknown. Here we studied the behaviour of n = 561 individuals from 11 countries of markedly different socioeconomic and cultural makeup. Our findings show that context sensitivity was present in all 11 countries. Suboptimal decisions generated by context manipulation were not explained by risk aversion, as estimated through a separate description-based choice task (that is, lotteries) consisting of matched decision offers. Conversely, risk aversion significantly differed across countries. Overall, our findings suggest that context-dependent reward value encoding is a feature of human cognition that remains consistently present across different countries, as opposed to description-based decision-making, which is more permeable to cultural factors.

Date: 2024
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.nature.com/articles/s41562-024-01894-9 Abstract (text/html)
Access to the full text of the articles in this series is restricted.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:nat:nathum:v:8:y:2024:i:8:d:10.1038_s41562-024-01894-9

Ordering information: This journal article can be ordered from
https://www.nature.com/nathumbehav/

DOI: 10.1038/s41562-024-01894-9

Access Statistics for this article

Nature Human Behaviour is currently edited by Stavroula Kousta

More articles in Nature Human Behaviour from Nature
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().

 
Page updated 2025-03-19
Handle: RePEc:nat:nathum:v:8:y:2024:i:8:d:10.1038_s41562-024-01894-9