Memory is a crucial component of everyday decision making, yet little is known about how memory and choice processes interact and whether or not established memory regularities persist during memory-based decision making. In this paper, we introduce a novel experimental paradigm to study the differences between memory processes at play in standard list recall versus in preferential choice. Using computational memory models, fit to data from 2 preregistered experiments, we find that some established memory regularities (primacy, recency, semantic clustering) emerge in preferential choice, whereas others (temporal clustering) are significantly weakened relative to standard list recall. Notably, decision-relevant features, such as item desirability, play a stronger role in guiding retrieval in choice. Our results suggest memory processes differ across preferential choice and standard memory tasks, and that choice modulates memory by differentially activating decision-relevant features such as what we like.
-
Faculty
- Academic Areas
- Awards & Honors
- Seminars
-
Conferences
- Accounting Summer Camp
- California Econometrics Conference
- California Quantitative Marketing PhD Conference
- California School Conference
- China India Insights Conference
-
Initiative on Business and Environmental Sustainability
- Political Economics (2023–24)
- Scaling Geologic Storage of CO2 (2023–24)
- A Resilient Pacific: Building Connections, Envisioning Solutions
- Adaptation and Innovation
- Changing Climate
- Civil Society
- Climate Impact Summit
- Climate Science
- Corporate Carbon Disclosures
- Earth’s Seafloor
- Environmental Justice
- Finance
- Marketing
- Operations and Information Technology
- Organizations
- Sustainability Reporting and Control
- Taking the Pulse of the Planet
- Urban Infrastructure
- Watershed Restoration
- Junior Faculty Workshop on Financial Regulation and Banking
- Ken Singleton Celebration
- Kreps Symposium
- Marketing Camp
- Quantitative Marketing PhD Alumni Conference
- Theory and Inference in Accounting Research
- Voices
- Publications
- Books
- Working Papers
- Case Studies
- Postdoctoral Scholars
-
Research Labs & Initiatives
- Cities, Housing & Society Lab
- Corporate Governance Research Initiative
- Corporations and Society Initiative
- Golub Capital Social Impact Lab
- Initiative for Financial Decision-Making
- Policy and Innovation Initiative
- Rapid Decarbonization Initiative
- Stanford Latino Entrepreneurship Initiative
- Value Chain Innovation Initiative
- Venture Capital Initiative
- Behavioral Lab
- Data, Analytics & Research Computing