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What's bad is easy: Taboo values, affect, and cognition

Lichtenstein, Sarah; Gregory, Robin; Irwin, Julie - In: Judgment and Decision Making 2 (2007) June, pp. 169-188

Some decision situations are so objectionable or repugnant that people refuse to make a choice. This paper seeks to …

Persistent link: https://www.econbiz.de/10005773111

Choices and affective reactions to negative life events: An averaging/summation analysis,

Seta, John J.; Haire, Ashleigh; Seta, Catherine E. - In: Judgment and Decision Making 3 (2008) June, pp. 425-434

Three experiments investigated individuals' preferences and affective reactions to negative life experiences. Participants had a more intense negative affective reaction when they were exposed to a highly negative life experience than when they were exposed to two negative events: a highly...

Persistent link: https://www.econbiz.de/10005773114

Taking the sting out of choice: Diversification of investments

Avrahami, Judith; Kareev, Yaakov; Hart, Einav - In: Judgment and Decision Making 9 (2014) 5, pp. 373-386

on upcoming decisions. We compare these effects to those evident in all-or-none choice between the same risky options … decision. Importantly, recent outcomes have a similar effect in diversification decisions and in all-or-none choice. … an opportunity to diversify may blunt the risk involved in all-or-none choice. Here we investigate repeated investment …

Persistent link: https://www.econbiz.de/10010929018

Moral investing: Psychological motivations and implications

Rubaltelli, Enrico; Lotto, Lorella; Ritov, Ilana; … - In: Judgment and Decision Making 10 (2015) 1, pp. 64-75

In four experiments we showed that investors are not only interested in maximizing returns but have non-financial goals, too. We considered what drives the decision to invest ethically and the impact this strategy has on people's evaluation of investment performance. In Study 1, participants who...

Persistent link: https://www.econbiz.de/10011145658

Aging and choice: Applications to Medicare Part D

Tanius, Betty E.; Wood, Stacey; Hanoch, Yaniv; Rice, Thomas - In: Judgment and Decision Making 4 (2009) 1, pp. 92-101

We examined choice behavior in younger versus older adults using a medical decision-making task similar to Medicare … Part D. The study was designed to assess age differences in choice processes in general and specifically designed to … examine the effect of choice set size on performance. Data are drawn from a larger study on choice and aging, in which ninety …

Persistent link: https://www.econbiz.de/10005773043

The skill element in decision making under uncertainty: Control or competence?

Goodie, Adam S.; Young, Diana L. - In: Judgment and Decision Making 2 (2007) June, pp. 189-203

Many natural decisions contain an element of skill. Modern conceptions of the skill component include control (Goodie … 2, decisions made in domains of varying difficulty, and by individuals of varying ability, yielded further qualified …

Persistent link: https://www.econbiz.de/10005773065

Tests of Cumulative Prospect Theory with graphical displays of probability

Birnbaum, Michael H.; Johnson, Kathleen; Longbottom, Jay-Lee - In: Judgment and Decision Making 3 (2008) 7, pp. 528-546

Recent research reported evidence that contradicts cumulative prospect theory and the priority heuristic. The same body of research also violates two editing principles of original prospect theory: cancellation (the principle that people delete any attribute that is the same in both alternatives...

Persistent link: https://www.econbiz.de/10005612483

New tests of cumulative prospect theory and the priority heuristic: Probability-outcome tradeoff with branch splitting

Birnbaum, Michael H. - In: Judgment and Decision Making 3 (2008) April, pp. 304-316

gambles are nearly equal in each choice. In addition, if a person followed expected value (EV), expected utility (EU), CPT, or …

Persistent link: https://www.econbiz.de/10005828368

When less is more in the recognition heuristic

Smithson, Michael - In: Judgment and Decision Making 5 (2010) 4, pp. 230-243

probability that a correct choice is made on the basis of recognition alone and beta the probability that a correct choice is made …

Persistent link: https://www.econbiz.de/10008548765

Ability, chance, and ambiguity aversion: Revisiting the competence hypothesis

Klein, William M. P.; Cerully, Jennifer L.; Monin, … - In: Judgment and Decision Making 5 (2010) 3, pp. 192-199

ability. In Experiments 2 and 3, which used different operationalizations of ambiguity in choice contexts with actual …

Persistent link: https://www.econbiz.de/10008550531