Hayden, Benjamin Y.; Heilbronner, Sarah R.; Nair, Amrita C. - In: Judgment and Decision Making 3 (2008) June, pp. 389-395
Humans and other animals are idiosyncratically sensitive to risk, either preferring or avoiding options having the same value but differing in uncertainty. Many explanations for risk sensitivity rely on the non-linear shape of a hypothesized utility curve. Because such models do not place any...