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Title:

How Incidental Values From the Environment Affect Decisions About Money, Risk, and Delay

Document type:
Zeitschriftenaufsatz
Author(s):
Ungemach, C.; Stewart, N.; Reimers, S.
Non-TUM Co-author(s):
ja
Cooperation:
international
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:
2
Pages contribution:
253-260
Covered by:
Scopus; Web of Science
Fulltext / DOI:
doi:10.1177/0956797610396225
Publisher:
SAGE Publications
E-ISSN:
0956-79761467-9280
Date of publication:
12.01.2011
Judgement review:
0
Key publication:
Ja
Peer reviewed:
Ja
International:
Ja
Book review:
Nein
Commissioned:
not commissioned
Professional Journal:
Ja
Technology:
Nein
Interdisciplinarity:
Ja
Mission statement:
;
Ethics and Sustainability:
Nein
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