The role of memory in distinguishing risky decisions from experience and description
People’s risk preferences differ for choices based on described probabilities versus those based on information learned through experience. For decisions from description, people are typically more risk averse for gains than for losses. In contrast, for decisions from experience, people are sometime...
| Main Authors: | , , |
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| Format: | Article |
| Published: |
Taylor & Francis
2016
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| Subjects: | |
| Online Access: | https://eprints.nottingham.ac.uk/49071/ |