Which statement conveys greater risk: ``100 people die from cancer every day'' or ``36,500 people die from cancer every year''? In statistics where both frequencies and temporal information are used to convey risk, two theories predict opposite answers to this question. Construal level theory...

The authors review their own empirical work inspired by the adaptive toolbox metaphor. The review examines factors influencing strategy selection and execution in multi-attribute inference tasks (e.g., information costs, time pressure, memory retrieval, dynamic environments, stimulus formats,...

The present article investigates the effectiveness of methods traditionally used to distinguish between the emotions of regret and disappointment and presents a new method --- the Regret and Disappointment Scale (RDS) --- for assessing the two emotions in decision making research. The validity...

In this article a broad perspective incorporating elements of time series theory is presented for conceptualizing the data obtained in multi-trial judgment experiments. Recent evidence suggests that sequential context effects, assimilation and contrast, commonly found in psychophysical judgment...

Using five variants of the Asian Disease Problem, we dissected the risky-choice framing effect by requiring each participant to provide preference ratings for the full decision problem and also to provide attractiveness ratings for each of the component parts, i.e., the sure-thing option and the...

Ninety-eight Australian students participated in a functional replication of a study published by Dijksterhuis et al.\ (2006). The results indicated that unconscious thought does not necessarily lead to better normative decision making performance than conscious thought, which is contrary to the...

In two studies on mobile phone purchase decisions, we investigated consumers' decision strategies with a newly developed process tracing tool called \textit{InterActive Process Tracing} (IAPT). This tool is a combination of several process tracing techniques (Active Information Search, Mouselab,...

The present study investigates the effect of framing and legal role on the propensity to accept a settlement offer by litigants in a simulated legal dispute. Participants were given four different scenarios that factorially combined legal role (plaintiff vs.\ defendant) and frame (positive vs.\...

Research has shown that people perceive themselves as less biased than others, and as better than average in many favorable characteristics. We suggest that these types of biased perceptions regarding intentions and behavior of others may directly affect people's decisions. In the current...

Contrary to the common belief that more information is always better, Gigerenzer et al.\ (1999) showed that simple decision strategies which rely on little information can be quite successful. The success of simple strategies depends both on bets about the structure of the environment and on the...