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Direct linkBecker, Christoph K.; Ert, Eyal; Trautmann, Stefan T.; van de Kuilen, Gijs – Journal of Experimental Psychology: Learning, Memory, and Cognition, 2021
Risky decisions are often characterized by (a) imprecision about consequences and their likelihoods that can be reduced by information collection, and by (b) unavoidable background risk. This article addresses both aspects by eliciting risk attitude, prudence, and temperance in decisions from description and decisions from experience. The results…
Descriptors: Risk, Decision Making, Attitudes, Personality Traits
