Table 4 Details of tests between pairs of mean BIC values in Study 1 models with no first phase
From: Biased expectations about future choice options predict sequential economic decisions
Model 1 | Model 2 | n | Bayes Factor 10 (BF10) | Cohen’s d | ||
|---|---|---|---|---|---|---|
r = 0.5 | r = 0.71 | r = 1 | ||||
Study 1 baseline | ||||||
Biased Prior obj | Cut Off obj | 50 | 5.51E9 | 6.86E9 | 7.86E9 | –1.34 |
Biased Prior obj | Cost to Sample obj | 50 | 4.5 | 3.81 | 3.03 | –0.38 |
Cut Off obj | Cost to Sample obj | 50 | 1.18E6 | 1.35E6 | 1.40E6 | 0.98 |
Study 1 squares | ||||||
Biased Prior obj | Cut Off obj | 50 | 3.35E10 | 4.2210 | 4.91E10 | –1.42 |
Biased Prior obj | Cost to Sample obj | 50 | 2085.22 | 2142.51 | 1981.89 | –0.7 |
Cut Off obj | Cost to Sample obj | 50 | 5.22E4 | 5.72E4 | 5.62E4 | 0.84 |
Study 1 timing | ||||||
Biased Prior obj | Cut Off obj | 50 | 9.48E9 | 1.19E10 | 1.37E10 | –1.36 |
Biased Prior obj | Cost to Sample obj | 50 | 10.32 | 9.05 | 7.36 | –0.43 |
Cut Off obj | Cost to Sample obj | 50 | 1.90E4 | 2.05E4 | 1.98E4 | 0.8 |
Study 1 payoff | ||||||
Biased Prior obj | Cut Off obj | 51 | 2.48E14 | 3.26E14 | 4.03E14 | –1.8 |
Biased Prior obj | Cost to Sample obj | 51 | 6.99 | 6.02 | 4.83 | –0.4 |
Cut Off obj | Cost to Sample obj | 51 | 1.36E9 | 1.67E9 | 1.88E9 | 1.26 |
