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Titel:

Are Probabilities Overweighted or Underweighted When Rare Outcomes Are Experienced (Rarely)?

Dokumenttyp:
Zeitschriftenaufsatz
Autor(en):
Ungemach, C.; Chater, N.; Stewart, N.
Nicht-TUM Koautoren:
ja
Kooperation:
international
Abstract:
When making decisions involving risky outcomes on the basis of verbal descriptions of the outcomes and their associated probabilities, people behave as if they overweight small probabilities. In contrast, when the same outcomes are instead experienced in a series of samples, people behave as if they underweight small probabilities. We present two experiments showing that the existing explanations of the underweighting observed in decisions from experience are not sufficient to account for the ef...     »
Intellectual Contribution:
Discipline-based Research
Zeitschriftentitel:
Psychological Science
Journal gelistet in FT50 Ranking:
nein
Jahr:
2009
Band / Volume:
20
Heft / Issue:
4
Seitenangaben Beitrag:
473-479
Volltext / DOI:
doi:10.1111/j.1467-9280.2009.02319.x
Verlag / Institution:
SAGE Publications
E-ISSN:
0956-79761467-9280
Publikationsdatum:
01.04.2009
Urteilsbesprechung:
0
Key publication:
Ja
Peer reviewed:
Ja
International:
Ja
Book review:
Nein
commissioned:
not commissioned
Professional Journal:
Ja
Technology:
Nein
Interdisziplinarität:
Ja
Leitbild:
;
Ethics und Sustainability:
Nein
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