Summary information

Study title

Eye movements in risky choice, experimental data

Creator

Stewart, N, University of Warwick

Study number / PID

852946 (UKDA)

10.5255/UKDA-SN-852946 (DOI)

Data access

Open

Series

Not available

Abstract

We asked participants to make simple risky choices while we recorded their eye movements. We built a complete statistical model of the eye movements and found very little systematic variation in eye movements over the time course of a choice or across the different choices. The only exceptions were finding more (of the same) eye movements when choice options were similar, and an emerging gaze bias in which people looked more at the gamble they ultimately chose. These findings are inconsistent with prospect theory, the priority heuristic, or decision field theory. However, the eye movements made during a choice have a large relationship with the final choice, and this is mostly independent from the contribution of the actual attribute values in the choice options. That is, eye movements tell us not just about the processing of attribute values but also are independently associated with choice. The pattern is simple—people choose the gamble they look at more often, independently of the actual numbers they see—and this pattern is simpler than predicted by decision field theory, decision by sampling, and the parallel constraint satisfaction model.This network project brings together economists, psychologists, computer and complexity scientists from three leading centres for behavioural social science at Nottingham, Warwick and UEA. This group will lead a research programme with two broad objectives: to develop and test cross-disciplinary models of human behaviour and behaviour change; to draw out their implications for the formulation and evaluation of public policy. Foundational research will focus on three inter-related themes: understanding individual behaviour and behaviour change; understanding social and interactive behaviour; rethinking the foundations of policy analysis. The project will explore implications of the basic science for policy via a series of applied projects connecting naturally with the three themes. These will include: the determinants of...
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Methodology

Data collection period

31/12/2012 - 30/09/2017

Country

United Kingdom

Time dimension

Not available

Analysis unit

Individual

Universe

Not available

Sampling procedure

Not available

Kind of data

Numeric

Data collection mode

Forty-eight participants from the University of Essex participant pool completed the experiment (18 males; median = 21, range = 18–54; age and gender not recorded for one participant). Stimuli were presented on an LCD monitor viewed from approximately 85 cm with a 60 Hz refresh rate and a resolution of 1024 × 768. Eye movements were recorded with an Eyelink 1000 desk-mounted eye tracker (SR Research, Ontario, Canada), which has a reported average accuracy between .25 and .50° of visual angle and RMS resolution of .01°. We tracked participants' right eye movements using the combined pupil and corneal reflection setting at a sampling rate of 1000 Hz. A chin rest was used to minimize head movements.

Funding information

Grant number

ES/K002201/1

Access

Publisher

UK Data Service

Publication year

2018

Terms of data access

The Data Collection is available to any user without the requirement for registration for download/access.

Related publications

Not available