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A Dual Process in Memory: How to Make an Evaluation from Complex and Complete Information? An Experimental Study

Ismaël Rafaï (), Sébastien Duchêne, Eric Guerci, Ariane Lambert-Mogiliansky () and Fabien Mathy
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Fabien Mathy: Université Côte d'Azur

No 2016-23, GREDEG Working Papers from Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France

Abstract: In this paper, we will put forward an original experiment to reveal empirical "anomalies" in the process of acquisition, elaboration and retrieval of information in the context of reading economic related content. Our results support the existence of the memory dual process suggested in the Fuzzy Trace Theory: acquisition of information leads to the formation of a gist representation which may be incompatible with the exact verbatim information stored in memory. We give to subjects complex and complete information and evaluate their cognitive ability. To answer some specific questions, individuals used this gist representation rather than processing verbatim information appropriately.

Keywords: Fuzzy Trace Theory; Memory; Dual Process; Cognitive reflection test; Bounded rationality (search for similar items in EconPapers)
JEL-codes: C91 D83 D89 (search for similar items in EconPapers)
Pages: 20 pages
Date: 2016-08, Revised 2018-01
New Economics Papers: this item is included in nep-cbe, nep-cse, nep-exp and nep-neu
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http://195.220.198.217/GREDEG-WP-2016-23.pdf Revised version, 2018-01 (application/pdf)

Related works:
Working Paper: A dual process in memory: how to make an evaluation from complex and complete information? — An experimental study (2018) Downloads
Working Paper: A dual process in memory: how to make an evaluation from complex and complete information? — An experimental study (2018) Downloads
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Persistent link: https://EconPapers.repec.org/RePEc:gre:wpaper:2016-23

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