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Do People Make Decisions Under Risk Based on Ignorance? An Empirical Test of the Priority Heuristic Against Cumulative Prospect Theory
Glöckner, Andreas; Betsch, Tilmann - 2008
Brandstätter, Gigerenzer and Hertwig (2006) put forward the priority heuristic (PH) as a fast and frugal heuristic for decisions under risk. According to the PH, individuals do not make trade-offs between gains and probabilities, as proposed by expected utility models such as cumulative...
Persistent link: https://www.econbiz.de/10014219804
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Do people make decisions under risk based on ignorance? : an empirical test of the priority heuristic against cumulative prospect theory
Glöckner, Andreas (contributor);  … - 2008
Brandstätter, Gigerenzer and Hertwig (2006) put forward the priority heuristic (PH) as a fast and frugal heuristic for decisions under risk. According to the PH, individuals do not make trade-offs between gains and probabilities, as proposed by expected utility models such as cumulative...
Persistent link: https://www.econbiz.de/10003730615
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Risky choice in interpersonal context : do people dare because they care?
Leder, Johannes; Betsch, Tilmann - In: Journal of economic psychology : research in economic … 52 (2016), pp. 1-23
Persistent link: https://www.econbiz.de/10011703828