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Author : Greg Barron
Publisher : Division of Research, Harvard Business School
Published : 2006
ISBN-10 :
ISBN-13 :
Number of Pages : 27 Pages
Language : en
Keyword :
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The Judgment-decision Paradox in Experience-based Decisions and the Contingent Recency Effect Summary
The current paper explores a judgment-decision paradox in experience-based decisions: the finding that rare events are overweighted in probability judgments but are underweighted in repeated decisions under uncertainty. Two laboratory studies examine both decisions and probability assessments within the same paradigm. The results reveal overweighting and negative recency in probability assessments but underweighting and positive recency in choices. At the same time, there remains an overall consistency between choices and assessments. A third study validates the results in a field study. The results show that, after a negative rare-event (i.e. a suicide bombing) people believe the risk to have decreased (negative recency) but are more cautious (positive recency).Author : Greg Barron
Publisher : Division of Research, Harvard Business School
Published : 2006
ISBN-10 :
ISBN-13 :
Number of Pages : 27 Pages
Language : en
Keyword :
Read Online The Judgment-decision Paradox in Experience-based Decisions and the Contingent Recency Effect pdf
Download The Judgment-decision Paradox in Experience-based Decisions and the Contingent Recency Effect epub
The Judgment-decision Paradox in Experience-based Decisions and the Contingent Recency Effect Audiobook Download
Listen The Judgment-decision Paradox in Experience-based Decisions and the Contingent Recency Effect book
Download The Judgment-decision Paradox in Experience-based Decisions and the Contingent Recency Effect Audiobook
What is audiobook and how does it work?
Audiobooks are voice recordings of the text of a book that you listen to rather than read. Audiobooks can be exact word-for-word versions of books or abridged versions. You can listen to audiobooks on any smartphone, tablet, computer, home speaker system, or in-car entertainment system.
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