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Statements

Subject Item
n2:RIV%2F67985998%3A_____%2F03%3A44033010%21RIV%2F2004%2FAV0%2FA44004%2FN
rdf:type
skos:Concept n17:Vysledek
dcterms: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%.
dcterms: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'.
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'.
skos:notation
RIV/67985998:_____/03:44033010!RIV/2004/AV0/A44004/N
n3:strany
1;8
n3:aktivita
n9:Z
n3:aktivity
Z(AV0Z7085904)
n3:cisloPeriodika
218
n3:dodaniDat
n4:2004
n3:domaciTvurceVysledku
n15:7663862
n3:druhVysledku
n13:J
n3:duvernostUdaju
n11:S
n3:entitaPredkladatele
n16:predkladatel
n3:idSjednocenehoVysledku
618226
n3:idVysledku
RIV/67985998:_____/03:44033010
n3:jazykVysledku
n6:eng
n3:klicovaSlova
heuristic of relative probability comparisons; feedback-based decisions
n3:klicoveSlovo
n12:feedback-based%20decisions n12:heuristic%20of%20relative%20probability%20comparisons
n3:kodStatuVydavatele
CZ - Česká republika
n3:kontrolniKodProRIV
[A98878B8A536]
n3:nazevZdroje
CERGE-EI working paper series
n3:obor
n7:AH
n3:pocetDomacichTvurcuVysledku
1
n3:pocetTvurcuVysledku
1
n3:pocetUcastnikuAkce
0
n3:pocetZahranicnichUcastnikuAkce
0
n3:rokUplatneniVysledku
n4:2003
n3:svazekPeriodika
N/A
n3:tvurceVysledku
Blavatskyy, Pavlo
n3:zamer
n10:AV0Z7085904
s:issn
1211-3298
s:numberOfPages
8