Wednesday, October 31, 2018

We perceive good luck itself, rather than material goods, as a limited resource; there is a limited amount of good luck to get, and if another is lucky, he is robbing us

Marciano, Deborah, Eden Krispin, Sacha Bourgeois-Gironde, and Leon Deouell. 2018. “Limited Resources or Limited Luck? Why People Perceive an Illusory Negative Correlation Between the Outcomes of Choice Options Despite Unequivocal Evidence for Independence.” PsyArXiv. October 30. doi:10.31234/osf.io/6rkwd

Abstract: When humans learn of the outcome of an option they did not choose (the alternative outcome), before their own outcome is known, they form biased expectations about their future reward. Specifically, people see an illusory negative correlation between the two outcomes, which we coined the Alternative Omen Effect (ALOE). Why does this happen? Here, we tested several alternative explanations and conclude that the ALOE may derive from a pervasive belief that good luck is a limited resource. In Experiment 1, we show that the ALOE is due to people seeing a good alternative outcome as a bad sign regarding their outcome, but not vice versa. Experiment 2 confirms that the ALOE is a highly ingrained bias that replicates across tasks, and that the ALOE cannot be explained by preconceptions regarding outcome distribution, including 1) the Limited Good Hypothesis (zero-sum bias), according to which people see the world as a zero-sum game, and assume that resources there means fewer resources here, and/or 2) a more specific assumption that laboratory tasks are programmed as zero-sum games. To neutralize these potential beliefs, participants had to draw actual colored beads from two real, distinct bags. In spite of the unequivocal situational evidence of the independence of the two resources, we found a strong ALOE. Finally, in Experiment 3, we tested the Limited Luck Hypothesis: by eliminating the value of the outcomes we eliminated the ALOE. These results suggest that individuals perceive good luck itself, rather than material goods, as a limited resource. We discuss how the Limited Luck belief might explain a wide range of behaviors traditionally associated with the Limited Good belief.

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