The psychology and rationality of decisions from experience.

Most investigations into how people make risky choices have employed a simple drosophila: monetary gambles involving stated outcomes and probabilities. People are asked to make decisions from description. When people decide whether to back up their computer hard drive, cross a busy street, or go out...

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Publicado en:Synthese Vol. 187; no. 1; pp. 269 - 293
Autor principal: Hertwig, Ralph
Formato: Artículo
Publicado: Springer Nature Jul2012
Materias:
Acceso en línea:Ver este registro en EBSCOhost
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        10.1007/s11229-011-0024-4
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        au: Hertwig, Ralph
        affil: Department of Psychology, University of Basel, Missionsstrasse 60/64 4055 Basel Switzerland
      su:
        Psychology
        Reason
        Decision making
        Experience
        Risk-taking behavior
      sug:
        subj:
          Psychology
          Reason
          Decision making
          Experience
          Risk-taking behavior
      keyword:
        Choice
        Decisions from experience
        Rarity
        Rationality
        Risk
      ab: Most investigations into how people make risky choices have employed a simple drosophila: monetary gambles involving stated outcomes and probabilities. People are asked to make decisions from description. When people decide whether to back up their computer hard drive, cross a busy street, or go out on a date, however, they do not enjoy the convenience of stated outcomes and probabilities. People make such decisions either in the void of ignorance or in the twilight of their own often limited experience of such real-world options. In the latter case, they make decisions from experience. Recent research has consistently documented that decisions from description and decisions from experience can lead to substantially different choices. Key in this description-experience gap is people's treatment of rare events. In this paper, I briefly review studies that have documented the description-experience gap, offer several explanations for this gap, and discuss to what extent people's decisions from experience are in conflict with benchmarks of rationality.
      pubtype: Academic Journal
      doctype: Article
      src: R
    language: English
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