Extreme Outcomes Sway Risky Decisions from Experience

Author:

Ludvig Elliot A.12,Madan Christopher R.34,Spetch Marcia L.3

Affiliation:

1. Princeton Neuroscience Institute; Princeton University; Princeton NJ USA

2. Department of Mechanical and Aerospace Engineering; Princeton University; Princeton NJ USA

3. Department of Psychology; University of Alberta; Edmonton AB Canada

4. Department of Systems Neuroscience; University Medical Center Hamburg-Eppendorf; Hamburg Germany

Publisher

Wiley

Subject

Strategy and Management,Sociology and Political Science,Applied Psychology,Arts and Humanities (miscellaneous),General Decision Sciences

Reference55 articles.

1. Small feedback-based decisions and their limited correspondence to description-based decisions;Barron;Journal of Behavioral Decision Making,2003

2. Flashbulb memories;Brown;Cognition,1977

3. Within-subject preference reversals in description- and experience-based choice;Camilleri;Proceedings of the Annual Conference of the Cognitive Science Society,2009

4. When and why rare events are underweighted: A direct comparison of the sampling, partial feedback, full feedback and description choice paradigms;Camilleri;Psychonomic Bulletin & Review,2011

5. Adaptation as information restriction: The hot stove effect;Denrell;Organization Science,2001

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