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