Music, pandas, and muggers: on the affective psychology of value

J Exp Psychol Gen. 2004 Mar;133(1):23-30. doi: 10.1037/0096-3445.133.1.23.

Abstract

This research investigated the relationship between the magnitude or scope of a stimulus and its subjective value by contrasting 2 psychological processes that may be used to construct preferences: valuation by feeling and valuation by calculation. The results show that when people rely on feeling, they are sensitive to the presence or absence of a stimulus (i.e., the difference between 0 and some scope) but are largely insensitive to further variations of scope. In contrast, when people rely on calculation, they reveal relatively more constant sensitivity to scope. Thus, value is nearly a step function of scope when feeling predominates and is closer to a linear function when calculation predominates. These findings may allow for a novel interpretation of why most real-world value functions are concave and how the processes responsible for nonlinearity of value may also contribute to nonlinear probability weighting.

Publication types

  • Clinical Trial
  • Randomized Controlled Trial

MeSH terms

  • Affect*
  • Attitude*
  • Choice Behavior*
  • Cross-Over Studies
  • Humans
  • Social Behavior*
  • Social Values*
  • Surveys and Questionnaires