11:00 - 12:30
Parallel sessions 8
11:00 - 12:30
The Contextual Nature of Decision-Making
Room: HSZ - N2
Chair/s:
Jennifer March, Nuno Busch
What do I want to eat, which item do I want to purchase, and in which stocks should I invest? We make countless decisions every day, but our preferences are typically not stable: They often fluctuate strongly across different contexts and depend heavily on our internal states. This symposium aims to shed light on how decisions are affected across different contexts and states. The contribution by Tibor Stöffel will highlight nutrition as an important factor influencing decision-making. In his talk, he disentangles how different macro-nutritional compositions differentially affect the valuation system in the brain, leading to nutrition-dependent levels of loss aversion in risky choice. In the second talk, Nuno Busch reveals that loss aversion in risky decision-making can also be modulated by the degree of explicit information available about the choice options, and by how we learn about them (i.e., from description or from own experience). In the third talk, Jennifer March will present the mechanisms that give rise to contextual influences on food-related decision making. Specifically, she will demonstrate how subjective values of food options and subsequent choice are altered when presented in bundles. In the fourth talk, Barbara Oberbauer will reveal to what extent search patterns differ depending on the decision goal (i.e., choose the most preferred item vs assess the overall value). Moreover, she will show how the possibility of postponing a decision (i.e., choice deferral) affects search patterns and subsequent choice. The effects of goals on choice also play an important role in the final talk of the symposium, wherein Chih-Chung Ting will demonstrate that flexible decision-making relies on goal-dependent value representations. Together, the symposium combines a diverse range of methodologies, including nutritional manipulations, fMRI, eye-tracking, and state-of-the-art cognitive modelling, to illuminate the contextual nature of choice. The symposium features a multi-ethnic team of female and male speakers at different career stages from three universities across two countries offering rich perspectives and expertise in experimental psychology related to human decision-making. 
SymposiumTalk-01
Tibor Stöffel, University of Vienna, Austria
SymposiumTalk-02
Nuno Busch, Technical University of Munich, Germany
SymposiumTalk-03
Jennifer March, University of Hamburg, Germany
SymposiumTalk-04
Chih-Chung Ting, Department of Psychology, Hamburg Center of Neural and Cognitive Systems, Germany
SymposiumTalk-05
Barbara Oberbauer, University of Hamburg, Germany