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A psychological law of inertia and the illusion of loss aversion
by: shinta, 10 pagesThe principle of loss aversion is thought to explain a wide range of anomalous phenomena involving tradeoffs between losses and gains. In this article, I show that the anomalies loss aversion ...
One-reason decision making in risky choice? A closer look at the priority heuristic
by: shinta, 6 pagesAlthough many models for risky choices between gambles assume that information is somehow integrated, the recently proposed priority heuristic (PH) claims that choices are based on one piece of ...
Cognitive abilities and superior decision making under risk: A protocol analysis and process model evaluation
by: shinta, 14 pagesIndividual differences in cognitive abilities and skills can predict normatively superior and logically consistent judgments and decisions. The current experiment investigates the processes ...
