Anticipation and Choice Heuristics in the Dynamic Consumption of Pain Relief
Figure 10
Policy weightings of heuristic models.
A Mean weighting across subjects on each of the three policies (see Methods) on each trial under the maximum likelihood fits of the Direct Action (left) and Income Maximization (right) models. Spend-now-suffer-later has low weighting early in the experiment. Spread-spending has high weightings throughout. For the income maximization model, saving is weighted most highly in the middle part of the experiment. B Box plot showing distribution over participants of policy weightings, averaged over all trials of the experiment. Saving and Spread-Spending heuristics dominate.