CEC Faculty Articles

Title

An Experimental Study of the Decision Process with Interactive Technology

Document Type

Article

Date

10-2016

Publication Title

Journal of Economic Behavior & Organization

ISSN or ISBN

0167-2681

Volume

130

First Page

20

Last Page

32

Description

We investigate the effect of different interactive technologies on the decision-making process in an information search laboratory experiment. In our experiment, the participant makes a selection from a list of differently-valued objects with multiple attributes. We compare presenting information in static form to two methods of interactive presentation. In the first, the participant can manually sort objects by attribute, a capability similar to that found in spreadsheet software. In the second, we present an interactive visual tool that (1) automatically sorts all objects by attribute and (2) uses visual cues for comparisons. Manual sorting capability does not cause an improvement in decisions in this context. On the other hand, the visual tool increases the value of the objects selected by the participant and decreases time spent deliberating. We also find that our interactive presentations affect the decision-making process of participants by changing the number of intermediate options considered. Our results highlight the importance of investigating the effect of technology on information search, and suggest that appropriate interactive visual displays may improve search in practice.

DOI

10.1016/j.jebo.2016.06.004

This document is currently not available here.

Peer Reviewed

Find in your library

Share

COinS