Taking risks for the best: Maximizing and risk-taking tendencies

Maximizing is characterized by aspirations for the highest standards. The current study explored the relationship between maximizing and risk-taking tendencies in decisions subject to risk. We propose that people first refer to expectation (i.e., the overall utility expected from an alternative) whe...

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Bibliographic Details
Main Authors: Tian Qiu, Yang Bai, Jingyi Lu
Format: Article
Language:English
Published: Cambridge University Press 2020-07-01
Series:Judgment and Decision Making
Subjects:
Online Access:https://www.cambridge.org/core/product/identifier/S1930297500007440/type/journal_article