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Individuals are often ambiguity-averse when choosing among purely chance-based prospects (Ellsberg, 1961). However … tests of the competence hypothesis, ambiguity is confounded with personal controllability and the source of the ambiguity (e … effects of both ambiguity aversion and competence. In Experiment 1, participants preferred an unambiguous chance-based option …
Persistent link: https://www.econbiz.de/10008550531
Decision makers are often ambiguity averse, preferring options with subjectively known probabilities to options with … unknown probabilities. The Ellsberg paradox is the best-known example of this phenomenon. Ambiguity has generally been studied … in the domain of risky choice, and many theories of ambiguity aversion deal with ambiguity only in this context. However …
Persistent link: https://www.econbiz.de/10010559826
This study was designed to assess sex-related differences in the selection of an appropriate strategy when facing novelty. %This %basic behavior has been assumed to support more elaborate behaviors %like spatial abilities. A simple visuo-spatial task was used to investigate exploratory behavior...
Persistent link: https://www.econbiz.de/10005773073
Professional judges in traffic courts sentence many hundreds of offenders per year. Using 639 case files from archives, we compared the Matching Heuristic (MH) to compensatory, weighing algorithms (WM). We modeled and cross validated the models on different subsets of the data, and took several...
Persistent link: https://www.econbiz.de/10005773104
The present research aimed to test the role of mood in the Iowa Gambling Task (IGT; Bechara et al., 1994). In the IGT, participants can win or lose money by picking cards from four different decks. They have to learn by experience that two decks are overall advantageous and two decks are overall...
Persistent link: https://www.econbiz.de/10005575033
Recent research has emphasized emotion's role in non-utilitarian judgments, but has not focused much on characteristics of subjects contributing to those judgments. The present article relates utilitarian judgment to individual disposition to experience various emotions. Study 1 first...
Persistent link: https://www.econbiz.de/10009353468
In the current paper we investigate how feedback over decision outcomes may affect future decisions. In an experimental study we demonstrate that if people receive feedback over the outcomes they obtained (``factual outcomes'') and the outcomes they would have obtained had they decided...
Persistent link: https://www.econbiz.de/10009151105
The Food and Drug Administration (FDA) warned against administering over-the-counter cough and cold medicines to children under 2. This study evaluated whether experienced parents show poorer adherence to the FDA warning, as safe experiences are predicted to reduce the impact of warnings, and...
Persistent link: https://www.econbiz.de/10008684994
Third-party punishment has recently received attention as an explanation for human altruism. Feelings of anger in response to norm violations are assumed to motivate third-party sanctions, yet there is only sparse and indirect support for this idea. We investigated the impact of both anger and...
Persistent link: https://www.econbiz.de/10008497637
According to Unconscious Thought Theory (UTT: Dijksterhuis \& Nordgren, 2006), complex decisions are best made after a period of distraction assumed to elicit ``unconscious thought''. Over three studies, respectively offering a conceptual, an identical and a methodologically improved replication...
Persistent link: https://www.econbiz.de/10008497639