A dual-process memory account of how to make an evaluation from complex and complete information

Ismaël Rafaï (), Sébastien Duchêne (), Eric Guerci, Ariane Lambert-Mogiliansky () and Fabien Mathy ()
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Sébastien Duchêne: CEE-M - Centre d'Economie de l'Environnement - Montpellier - FRE2010 - INRA - Institut National de la Recherche Agronomique - UM - Université de Montpellier - CNRS - Centre National de la Recherche Scientifique - Montpellier SupAgro - Institut national d’études supérieures agronomiques de Montpellier
Ariane Lambert-Mogiliansky: PJSE - Paris Jourdan Sciences Economiques - UP1 - Université Paris 1 Panthéon-Sorbonne - ENS-PSL - École normale supérieure - Paris - PSL - Université Paris Sciences et Lettres - INRA - Institut National de la Recherche Agronomique - EHESS - École des hautes études en sciences sociales - ENPC - École des Ponts ParisTech - CNRS - Centre National de la Recherche Scientifique, PSE - Paris School of Economics - UP1 - Université Paris 1 Panthéon-Sorbonne - ENS-PSL - École normale supérieure - Paris - PSL - Université Paris Sciences et Lettres - EHESS - École des hautes études en sciences sociales - ENPC - École des Ponts ParisTech - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement
Fabien Mathy: BCL, équipe Langage et Cognition - BCL - Bases, Corpus, Langage (UMR 7320 - UCA / CNRS) - UNS - Université Nice Sophia Antipolis (1965 - 2019) - CNRS - Centre National de la Recherche Scientifique - UniCA - Université Côte d'Azur

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Abstract: Individuals are required to cope with uncertain, dispersed, incomplete, and incompatible sources of information in real life. We devised an experiment to reveal empirical "anomalies" in the process of acquisition, elaboration and retrieval of economic related information. Our results support the existence of a dual process in memory that is posited by 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 gave participants complex and complete information and then measured their cognitive ability. We conclude that individuals used their gist representation rather than processing verbatim information appropriately to make an evaluation Finally, we provide evidence that subjects with low cognitive abilities tend to demonstrate more often this specific behavior.

Date: 2019
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Published in Revue Economique, 2019, 70 (6), pp.1079-1094. ⟨10.3917/reco.706.1079⟩

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Journal Article: A Dual-Process Memory Account of How to Make an Evaluation from Complex and Complete Information (2019)
Working Paper: A dual-process memory account of how to make an evaluation from complex and complete information (2019)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:pseptp:hal-02346005

DOI: 10.3917/reco.706.1079

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