Abstract for: Intuitive vs. Deliberate Decision Making a Dynamic Setting: An Experimental Approach

The purpose of the poster is to discuss the effects of intuitive versus deliberate decision making in a dynamic task. An experimental setting is used to study this question; three experimental groups are distinguished: immediate decision-making (only limited time for cognitive processing), considered decision-making (time for deliberate cognitive processing), and distracted decision-making (during which intuitive cognitive processing can occur). The experimental stimulus is a simulator based on the Kaibab Plateau model. More than 100 subjects were tested in a pre-test, which led to a substantial revision of the original experimental design. With the new experimental design, we assume to find significant differences between the three groups concerning their decision quality. The value of the study lies in the fact that it connects to a recent discussion in psychology and transfers this to a core interest of the system dynamics community: decision-making in situations with dynamic complexity. Keywords: dynamic decision-making, intuitive information processing, dynamic complexity, experiment