Carey K. Morewedge
Boston University
Public economicsExperimental psychologyFeelingSocial perceptionConsumption (economics)Developmental psychologyAttributionBusinessEconometricsArtificial intelligencePsychologyHealth careActuarial scienceEconomicsCognitionSelfMicroeconomicsImpact biasCognitive psychologyCognitive biasPerceptionPsychological interventionAffective forecastingHappinessDebiasingEvent (probability theory)Game designSocial psychologySocial cognition
Publications 89
Modern conceptions of utility are rooted in the system that Jeremy Bentham proposed to determine which actions and laws most benefit the most people. Bentham believed that the value of every action could be quantified in terms of its utility — the intensity of pleasure or pain that it caused, as well as the duration of its influence, its uncertainty, and its propinquity or remoteness. The value of every action was thus a function of the total pleasure and pain it elicited, weighted by its durati...
6 Citations
#1Young Eun Huh (HKUST: Hong Kong University of Science and Technology)H-Index: 5
#2Joachim VosgerauH-Index: 14
Last. Carey K. Morewedge (BU: Boston University)H-Index: 27
view all 3 authors...
Defaults effects can be created by social contexts. The observed choices of others can become social defaults, increasing their choice share. Social default effects are a novel form of social influence not due to normative or informational influence: participants were more likely to mimic observed choices when choosing in private than in public (experiment 1) and when stakes were low rather than high (experiment 2). Like other default effects, social default effects were greater for uncertain ra...
46 CitationsSource
#1Carey K. Morewedge (CMU: Carnegie Mellon University)H-Index: 27
#2Colleen E. Giblin (CMU: Carnegie Mellon University)H-Index: 3
Last. Michael I. Norton (Harvard University)H-Index: 71
view all 3 authors...
Spontaneous thoughts, the output of a broad category of uncontrolled and inaccessible higher order mental processes, arise frequently in everyday life. The seeming randomness by which spontaneous thoughts arise might give people good reason to dismiss them as meaningless. We suggest that it is precisely the lack of control over and access to the processes by which they arise that leads people to perceive spontaneous thoughts as revealing meaningful self-insight. Consequently, spontaneous thought...
26 CitationsSource
#1Eva C. Buechel (USC: University of South Carolina)H-Index: 8
#2Carey K. Morewedge (BU: Boston University)H-Index: 27
Money is often used as a proxy for utility in economic and psychological research. Monetary sums are easily calculated and compared, and money is a stimulus with which almost all people are familiar. Even so, hedonic responses to monetary gains and losses are relatively insensitive to the absolute size of those gains and losses, and the subjective utility of gains and losses is surprisingly labile. We propose that the difficulty of evaluating the value of money stems from the abstract nature of ...
6 CitationsSource
#1Emily N. Garbinsky (Stanford University)H-Index: 5
#2Carey K. Morewedge (BU: Boston University)H-Index: 27
Last. Baba Shiv (Stanford University)H-Index: 35
view all 3 authors...
The results of three experiments reveal that memory for end enjoyment, rather than beginning enjoyment, of a pleasant gustatory experience determines how soon people desire to repeat that experience. We found that memory for end moments, when people are most satiated, interferes with memory for initial moments. Consequently, end moments are more influential than initial moments when people decide how long to wait until consuming a food again. The findings elucidate the role of memory in delay un...
31 CitationsSource
#1Carey K. Morewedge (CMU: Carnegie Mellon University)H-Index: 27
#2Tamar Krishnamurti (CMU: Carnegie Mellon University)H-Index: 13
Last. Dan Ariely (Duke University)H-Index: 98
view all 3 authors...
Abstract This research examined the effect of alcohol intoxication on the propensity to behave inequitably and responses to inequitable divisions of rewards. Intoxicated and sober participants played ten rounds of a modified ultimatum game in two studies. Whereas intoxicated and sober participants were similarly generous in the proposals they made to their partners, intoxicated participants more often rejected unfair offers than did sober participants. These results were consistent whether alcoh...
11 CitationsSource
#1Simone Tang (Duke University)H-Index: 4
#2Carey K. Morewedge (CMU: Carnegie Mellon University)H-Index: 27
It is common to see someone invest or hedge in such a way that offsets potential losses in a companion investment. When are we willing to hedge on our own desired outcome versus a close other’s des...
#1Carey K. MorewedgeH-Index: 27
#2Emily N. GarbinskyH-Index: 5
Last. Baba ShivH-Index: 35
view all 3 authors...
#1Emily N. Garbinsky (Stanford University)H-Index: 5
#2Carey K. Morewedge (CMU: Carnegie Mellon University)H-Index: 27
Last. Baba Shiv (Stanford University)H-Index: 35
view all 3 authors...
Does liking or wanting predict the delay between consumption episodes? Although these psychological processes are correlated, we find that memory for liking, rather than wanting, determines the number of days that pass until the consumption of a food is repeated. Experiment 1 found that liking (but not wanting) for a food at the end of a consumption experience predicted how many days passed until participants wanted to consume it again. Experiment 2 showed that mitigating the decrease in liking ...
14 CitationsSource
#1Carl SymborskiH-Index: 4
#2Meg BartonH-Index: 3
Last. James H. KorrisH-Index: 4
view all 6 authors...
The current study was designed to address the following research question: Can a computer game provide an effective mechanism for training adults to identify and mitigate their cognitive biases? Human decision making relies on a variety of simple heuristic decision rules that can be quick and effective mental shortcuts when making judgments. However, these heuristics can also lead to irrational thinking and problem-solving in ways that produce errors or illogicality, known as cognitive biases. T...
7 Citations