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| Tekijä: | Mukherjee, K. |
| Otsikko: | Thinking styles and risky decision-making: Further exploration of the affect-probability weighting link |
| Lehti: | Journal of Behavioral Decision Making
2011 : DEC, VOL. 24:5, p. 443-455 |
| Asiasana: | decision making risk psychology |
| Vapaa asiasana: | affect probability weighting anticipatory emotions |
| Kieli: | eng |
| Tiivistelmä: | This study explores the link between affect and the structure of probability weighting from the viewpoint of thinking dispositions, which is a central concept to dual system theories of reasoning. The effects of affective priming and cognitive load on both probability weighting and the value function are also explored. The evidence suggests that thinking styles do have predictive implications for risky decision making. Herein, it is suggested that increased anticipatory emotions characterized by the elevation of the weighting function is also important, sometimes possibly more significant than hope-and-fear in risky decision-making. An integrated approach including the impact of affect on all three, the elevation and curvature of probability weighting and the curvature of the value function explains the empirical findings. |
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