Social comparison and risky choices [PDF]
Journal of Risk and Uncertainty, 2009 Theories (and experiments) on decision making under risk typically ignore (and exclude) a social context. We explore whether this omission is detrimental. To do so we experimentally investigate the simplest possible situation with both social comparison and risk: participants choose between two lotteries while a referent faces a fixed payoff ...
Linde, J., Sonnemans, J.
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‘Tis better to choose and lose than to never choose at all [PDF]
Judgment and Decision Making, 2017 When decisions involve opting in or out of competition many decision makers will opt-in even when doing so leads to losses on average. In the current paper, we examine the generality of this effect in risky choices not involving competition.
Nathaniel J. S. Ashby +2 more
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Is payoff necessarily weighted by probability when making a risky choice? Evidence from functional connectivity analysis. [PDF]
PLoS ONE, 2012 How people make decisions under risk remains an as-yet-unresolved but fundamental question. Mainstream theories about risky decision making assume that the core processes involved in reaching a risky decision include weighting each payoff or reward ...
Li-Lin Rao +3 more
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Investigating the Neural Bases of Risky Decision Making Using Multi-Voxel Pattern Analysis
Brain Sciences, 2022 Choices between smaller certain reward and larger riskier reward are referred to as risky decision making. Numerous functional magnetic resonance imaging (fMRI) studies have investigated the neural substrates of risky decision making via conventional ...
Yanqing Wang, Xuerui Peng, Xueping Hu
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Of black swans and tossed coins : is the description-experience gap in risky choice limited to rare events? [PDF]
, 2011 When faced with risky decisions, people tend to be risk averse for gains and risk seeking for losses (the reflection effect). Studies examining this risk-sensitive decision making, however, typically ask people directly what they would do in hypothetical
Ludvig Elliot A. +7 more
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Efek Pembingkaian Terhadap Keputusan Beresiko Ditinjau Dari Teori Prospek dan Teori Fuzzy-Trace
Buletin Riset Psikologi dan Kesehatan Mental, 2021 Risky choice framing adalah salah satu jenis framing yang mencoba mengubah persepsi seseorang dengan melakukan presentasi informasi berdasarkan untung dan rugi. Efek risky choice framing dapat memiliki efek terhadap pembuatan keputusan beresiko. Efek ini
Afida Sabrina Syifa
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Salience, risky choices and gender [PDF]
Economics Letters, 2012 zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Booth, Alison, Nolen, Patrick
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Rare and extreme outcomes in risky choice. [PDF]
Psychon Bull Rev, 2023 Many real-world decisions involving rare events also involve extreme outcomes. Despite this confluence, decisions-from-experience research has focused on the impact of rare but non-extreme outcomes. In those situations, people typically choose as if they underestimate the probability of a rare outcome happening.
Mason A, Ludvig EA, Spetch ML, Madan CR.
europepmc +3 more sources
Presentation order but not duration affects binary risky choice
, 2021 Risky choice behaviour often deviates from the predictions of normative models. The information search process has been suggested as a source of some reported "biases".
Peter N. C. Mohr, Felix Molter
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Decision by sampling: the role of the decision environment in risky choice [PDF]
, 2009 Decision by sampling (DbS) is a theory about how our environment shapes the decisions that we make. Here, I review the application of DbS to risky decision making.
Stewart, Neil, Neil Stewart
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