%0 Journal Article
%T Future‐biased search: the quest for the ideal
%J Journal of behavioral decision making
%D 2008
%A Shu, Suzanne B.
%V 21
%N 4
%P 352-377
%X 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 />
%G 
%I John Wiley and Sons
%@ 0894-3257
%U http://dx.doi.org/10.1002/bdm.593