@article{ref1,
title="Future‐biased search: the quest for the ideal",
journal="Journal of behavioral decision making",
year="2008",
author="Shu, Suzanne B.",
volume="21",
number="4",
pages="352-377",
abstract="Decision-makers with ideal candidates already in mind often extend search beyond optimal endpoints when searching for the best option among a sequential list of alternatives. Extended search is investigated here using three laboratory experiments; individuals in these tasks exhibit future-bias, delaying choice beyond normative benchmarks. Searchers' behavior is consistent with setting high thresholds based on a focal ideal outcome without full attention to its probability or the value of second-best alternatives; the behavior is partially debiased by manipulating which outcomes are in the searchers' focal set. Documenting future-bias in sequential search tasks offers new insights for understanding self-control and intertemporal choice by providing a situation in which thresholds may be set too high and myopic behavior does not prevail. Copyright © 2008 John Wiley & Sons, Ltd.<p />",
language="",
issn="0894-3257",
doi="10.1002/bdm.593",
url="http://dx.doi.org/10.1002/bdm.593"
}