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Document type:
Zeitschriftenaufsatz 
Author(s):
Ungemach, Christoph; Stewart, Neil; Reimers, Stian 
Non-TUM Co-author(s):
ja 
Cooperation:
international 
Title:
How Incidental Values From the Environment Affect Decisions About Money, Risk, and Delay 
Abstract:
How different are £0.50 and £1.50, “a small chance” and “a good chance,” or “three months” and “nine months”? Our studies show that people behave as if the differences between these values are altered by incidental everyday experiences. Preference for a £1.50 lottery rather than a £0.50 lottery was stronger among individuals exposed to intermediate supermarket prices than among those exposed to lower or higher prices. Preference for “a good chance” rather than “a small chance” of winning a lotte...    »
 
Keywords:
utility, subjective probability, decision weight, intertemporal choice, discounting function, delay discounting, decision making under risk, decision by sampling 
Intellectual Contribution:
Discipline-based Research 
Journal title:
Psychological Science 
Journal listet in FT50 ranking:
nein 
Year:
2011 
Journal volume:
22 
Journal issue:
Pages contribution:
253-260 
Covered by:
Scopus; Web of Science 
Fulltext / DOI:
Publisher:
SAGE Publications 
E-ISSN:
0956-79761467-9280 
Date of publication:
12.01.2011 
Key publication:
Ja 
Peer reviewed:
Ja 
International:
Ja 
Book review:
Nein 
Commissioned:
not commissioned 
Professional Journal:
Ja 
Interdisciplinarity:
Nein 
Mission statement:
Ethics and Sustainability:
Nein