Self-distancing reduces probability-weighting biases

Qingzhou Sun, Huanren Zhang, Liyang Sai, Fengpei Hu

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Abstract

We have abundant evidence that people exhibit biases in weighting probability information. The current study aims to examine whether self-distancing would reduce these biases. Participants in this study were instructed to use either a self-distancing or a self-immersing strategy to regulate their reasoning when they indicated their valuations of different lotteries. The results show that, compared to the baseline group, participants in the self-distancing group exhibited less distortion in the probability-weighting function, while those in the self-immersing group exhibited more distortion. These results offer evidence for the power of self-distancing in reducing probability-weighting biases.

Original languageEnglish
Article number611
JournalFrontiers in Psychology
Volume9
Issue numberJUN
ISSN1664-1078
DOIs
Publication statusPublished - 13. Jun 2018
Externally publishedYes

Keywords

  • Probability-weighting bias
  • Probability-weighting function
  • Self-distancing
  • Self-immersing
  • Valuation task

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