MarkusRamikin comments on Rational Home Buying - Less Wrong

99 Post author: Yvain 27 August 2011 12:15AM

You are viewing a comment permalink. View the original post to see all comments and the full post content.

Comments (137)

You are viewing a single comment's thread.

Comment author: MarkusRamikin 27 August 2011 07:15:45AM *  3 points [-]

Great article.

In a telling experiment under the same protocol as the ones listed above, people asked to reflect upon their choices were more likely to choose the house with the extra room for Grandma than the house with the shorter commute times, because the extra reflection gave more opportunity for the availability heuristic to come into play.

I am curious about the part after "because". Did the experiment you're referring to actually distinguish that explanation (availability heuristic) from other possible ones (such as signalling value, greater ease of putting some factors into words, etc)?

One of the reasons I'm curious is because I'd have thought that availability heuristic affects one more strongly when one takes a decision quickly and with little reflection.

Comment author: Yvain 01 September 2011 11:17:22AM 0 points [-]

I've only read a distillation of the experiments (which had the same "because" I used) but not the papers themselves. The distillation mentioned that the scientists conducted interviews with the participants (whatever that's worth) and that this was their interpretation of a broad category of results from several similar experiments. I don't know if there were actual efforts to exclude signaling etc. See Lehrer, How We Decide, Ch. 5 for more detail.