Numerate decision makers don't use more effortful strategies unless it pays: A process tracing investigation of skilled and adaptive strategy selection in risky decision making

The present study investigated skilled and adaptive strategy selection in risky decision making. We proposed that people with high objective numeracy, a strong predictor of general decision making skill, would have a broad repertoire of choice strategies and adaptively select these strategies depend...

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Bibliographic Details
Main Authors: Jakub Traczyk, Agata Sobkow, Kamil Fulawka, Jakub Kus, Dafina Petrova, Rocio Garcia-Retamero
Format: Article
Language:English
Published: Cambridge University Press 2018-07-01
Series:Judgment and Decision Making
Subjects:
Online Access:http://journal.sjdm.org/17/17208/jdm17208.pdf