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Despite vigorous research on risk communication, little is known about the social forces that drive these choices. Erev, Wallsten, \& Neal (1991) showed that forecasters learn to select verbal or numerical probability estimates as a function of which mode yields on average the larger group...
Persistent link: https://www.econbiz.de/10005773064
Previous studies of loss aversion in decisions under risk have led to mixed results. Losses appear to loom larger than gains in some settings, but not in others. The current paper clarifies these results by highlighting six experimental manipulations that tend to increase the likelihood of the...
Persistent link: https://www.econbiz.de/10010661313