Expectations and preferences for sequences of health and money
Article Abstract:
Experiments reveal that individuals generally prefer health that decreases and money that increases over time. However, short-term requirements indicate a preference for improving sequences. This proves how expectations influence preferences, i.e., outcomes are gauged as either gains, which mandate maintenance of the status quo, or as losses, which require offsetting by a sufficiently large gain. Also, people generally evaluate the utility of a sequence by measuring the value attached to the peak and the end.
Publication Name: Organizational Behavior & Human Decision Processes
Subject: Psychology and mental health
ISSN: 0749-5978
Year: 1996
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The combined effects of risk and time on choice
Article Abstract:
Three experiments were conducted to study the effects of risk and time delay on decision-making. Whether adding the element of uncertainty would eliminate the immediacy effect bias, and whether adding time delay would eliminate the certainty effect bias, were tested. The results showed the answers to be positive, on condition that options were presented singly and not jointly.
Publication Name: Organizational Behavior & Human Decision Processes
Subject: Psychology and mental health
ISSN: 0749-5978
Year: 2005
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On self-referencing differences in judgment and choice
Article Abstract:
The differences between the judgment and choice tasks, in terms of self-referent processing and recalling of evaluated information, are analyzed. Decision making research analyses the heuristic nature of choice and the complex judgment tasks.
Publication Name: Organizational Behavior & Human Decision Processes
Subject: Psychology and mental health
ISSN: 0749-5978
Year: 2005
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