Probability or time: Effect of presentation format on continuous risky decisions

Continuous risky decisions refer to decisions that involve trade-offs among options with persistent risks. People can use the probability of occurrence per unit time (e.g., ‘the probability of occurrence is 1% per month’) or the average time of risk occurrence (e.g., ‘the average occurrence time is...

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Bibliographic Details
Main Authors: Zi-Han Wei, Xiao-Zhuang Wang, Li-Qian Jia, Hong-Zhi Liu
Format: Article
Language:English
Published: Cambridge University Press 2023-01-01
Series:Judgment and Decision Making
Subjects:
Online Access:https://www.cambridge.org/core/product/identifier/S1930297523000256/type/journal_article