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Description
  • Barron and Erev (2003) report experimental results revealing differences in risk attitude in small feedback-based problems as opposed to conventional description-based problems. This note shows that theoretical predictions drawing on a simple decision rule, known as the heuristic of relative probability comparisons (HRPC), fit the experimental data in Barron and Erev (2003) surprisingly well: even in the choice situation where the HRPC predicts an exact indifference the actual distribution of subject responses was 49% to 51%.
  • Barron and Erev (2003) report experimental results revealing differences in risk attitude in small feedback-based problems as opposed to conventional description-based problems. This note shows that theoretical predictions drawing on a simple decision rule, known as the heuristic of relative probability comparisons (HRPC), fit the experimental data in Barron and Erev (2003) surprisingly well: even in the choice situation where the HRPC predicts an exact indifference the actual distribution of subject responses was 49% to 51%. (en)
Title
  • Note on 'Small feedback-based decisions and their limited correspondence to description-based decisions'.
  • Note on 'Small feedback-based decisions and their limited correspondence to description-based decisions'. (en)
skos:prefLabel
  • Note on 'Small feedback-based decisions and their limited correspondence to description-based decisions'.
  • Note on 'Small feedback-based decisions and their limited correspondence to description-based decisions'. (en)
skos:notation
  • RIV/67985998:_____/03:44033010!RIV/2004/AV0/A44004/N
http://linked.open.../vavai/riv/strany
  • 1;8
http://linked.open...avai/riv/aktivita
http://linked.open...avai/riv/aktivity
  • Z(AV0Z7085904)
http://linked.open...iv/cisloPeriodika
  • 218
http://linked.open...vai/riv/dodaniDat
http://linked.open...aciTvurceVysledku
http://linked.open.../riv/druhVysledku
http://linked.open...iv/duvernostUdaju
http://linked.open...titaPredkladatele
http://linked.open...dnocenehoVysledku
  • 618226
http://linked.open...ai/riv/idVysledku
  • RIV/67985998:_____/03:44033010
http://linked.open...riv/jazykVysledku
http://linked.open.../riv/klicovaSlova
  • heuristic of relative probability comparisons; feedback-based decisions (en)
http://linked.open.../riv/klicoveSlovo
http://linked.open...odStatuVydavatele
  • CZ - Česká republika
http://linked.open...ontrolniKodProRIV
  • [A98878B8A536]
http://linked.open...i/riv/nazevZdroje
  • CERGE-EI working paper series
http://linked.open...in/vavai/riv/obor
http://linked.open...ichTvurcuVysledku
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http://linked.open...ocetUcastnikuAkce
http://linked.open...nichUcastnikuAkce
http://linked.open...UplatneniVysledku
http://linked.open...v/svazekPeriodika
  • N/A
http://linked.open...iv/tvurceVysledku
  • Blavatskyy, Pavlo
http://linked.open...n/vavai/riv/zamer
issn
  • 1211-3298
number of pages
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