The role of information sampling in risky choice

Information Sampling and Adaptive Cognition

Volumn , Issue , 2005, Pages 72-91

  Hertwig, Ralph ^a   Barron, Greg ^b   Weber, Elke U ^c   Erev, Ido ^d  

^a UNIVERSITY OF BASEL   (Switzerland)

^b HARVARD BUSINESS SCHOOL   (United States)

^c Och Spine at New York Presbyterian Hospitals   (United States)

^d TECHNION ISRAEL INSTITUTE OF TECHNOLOGY   (Israel)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 84926110511     PISSN: None     EISSN: None     Source Type: Book    
DOI: 10.1017/CBO9780511614576.004     Document Type: Chapter

References (33)

1. Anderson, N. H. (1981). Foundations of information integration theory. New York: Academic Press.
2. Atkinson, R. C., & Shiffrin, R. M. (1968). Human memory: A proposed system and its control processes. In K. W. Spence & J. T. Spence (Eds.), The psychology of learning and motivation: Advances in research and theory (Vol 2., 89-195). New York: Academic Press.
3. Barkan, R., Zohar, D., & Erev, I. (1998). Accidents and decision making under uncertainty: A comparison of four models. Organizational Behavior and Human Decision Processes, 74,118-144.
4. Barron, G., & Erev, I. (2003). Small feedback-based decisions and their limited correspondence to description-based decisions. Journal of Behavioral Decision Making, 16,215-233.
5. Big News. (2004, May 22). The Economist, 371, 87.
6. Bush, R., & Mosteller, F. (1955). Stochastic models for learning. New York: Wiley.
7. Camerer, C. F. (2000). Prospect theory in the wild: Evidence from the field. In D. Kahneman & A. Tversky (Eds.), Choices, values, and frames (pp. 288-300). Cambridge, UK: Cambridge University Press.
8. Davis, J. H. (1984). Order in the courtroom. In D. J. Miller, D. G. Blackman, & A. J. Chapman (Eds.), Perspectives in psychology and law. New York: Wiley.
9. Dubner, S. J. (2004, May 17). The silver thief. The New Yorker,74-85.
10. Fiedler, K. (2000). On mere considering: The subjective experience of truth. In H. Bless & J. P. Forgas (Eds.), The message within: The role of subjective experience in social cognition and behavior (pp. 13-36).
11. Fiedler, K., Armbruster, T., Nickel, S., Walther, E., & Asbeck, J. (1996). Constructive biases in social judgment: Experiments on the self-verification of question contents. Journal of Personality and Social Psychology, 71, 861-873.
12. Goldstein, W. M., & Weber, E. U. (1997). Content and discontent: Indications and implications of domain specificity in preferential decision making. In W. M. Goldstein & R. M. Hogarth (Eds.), Research on judgment and decision making: Currents, connections, and controversies (pp. 566-617). New York: Cambridge University Press.
13. Gonzalez, R., & Wu, G. (1999). On the shape of the probability weighting function. Cognitive Psychology, 38, 129-166.
14. Gregory, W. L., Cialdini, R. B., & Carpenter, K. M. (1982). Self-relevant scenarios as mediators of likelihood estimates and compliance: Does imagining make it so? Journal of Personality and Social Psychology, 43, 89-99.
15. Hertwig, R., Barron, G., Weber, E. U., & Erev, I. (2004). Decisions from experience and the effect of rare events in risky choice. Psychological Science, 15, 534-539.
16. Hogarth, R. M., & Einhorn, H. J. (1992). Order effects in belief updating: The belief- adjustment model. Cognitive Psychology, 24,1-55.
17. Kahneman, D., & Tversky, A. (1979). Prospect theory: An analysis of decision under risk. Econometrica, 47,263-291.
18. Kareev, Y. (2000). Seven (indeed, plus or minus two) and the detection of correlations. Psychological Review, 107, 397-402.
19. Kareev, Y., Arnon, S., & Horwitz-Zeliger, R. (2002). On the misperception of variability. Journal of Experimental Psychology: General, 131, 287-297.
20. Kunreuther, H., Ginsberg, R., Miller, L., Sagi, P., Slovic, P., Borkin, B., & Katz, N. (1978).Disaster insurance protection: Public policy lessons. New York: Wiley.
21. Lopes, L. L. (1983). Some thoughts on the psychological concept of risk. Journal of Experimental Psychology: Human Perception and Performance, 9, 137-144.
22. March, J. G. (1996). Learning to be risk averse. Psychological Review, 103, 309-319.
23. Melville, H. (1993). Moby Dick. New York: Barnes & Noble Books. (Original work published 1851.)
24. Nisbett, R., & Ross, L. (1980). Human inference: Strategies and shortcomings of human judgment. Englewood Cliffs, NJ: Prentice-Hall.
25. Real, L. A. (1991). Animal choice behavior and the evolution of cognitive architecture. Science, 253, 980-986.
26. Savage, L. J. (1954). The foundations of statistics. New York: Wiley.
27. Slovic, P., & Weber, E. U. (2002). Perception of risk posed by extreme events. White paper for conference “Risk Management Strategies in an Uncertain World,” Palisades, NY, April 12, 2002.
28. Stern, L., Iqbal, N., Seshadri, P., Chicano, K. L., Daily, D. A., McGrory, J., Williams, M., Gracely, E. J., Samaha, F. F. (2004). The effects of low-carbohydrate versus conventional weight loss diets in severely obese adults: One-year follow-up of a randomized trial. Annals of Internal Medicine, 140,778-785.
29. Tversky, A., & Kahneman, D. (1992). Advances in prospect theory: Cumulative representation of uncertainty. Journal of Risk and Uncertainty, 5, 297-323.
30. Weber, E. U., & Kirsner, B. (1996). Reasons for rank-dependent utility evaluation. Journal of Risk and Uncertainty, 14, 41-61.
31. Weber, E. U., Shafir, S., & Blais, A.-R. (2004). Predicting risk-sensitivity in humans and lower animals: Risk as variance or coefficient of variation. Psychological Review, 111, 430-445.
32. Wegner, D. M., Wenzlaff, R., Kerker, R. M., & Beattie, A. E. (1981). Incrimination through innuendo: Can media questions become public answers? Journal of Personality and Social Psychology, 40, 822-832.
33. Yancy, W. S., Jr., Olsen, M. K., Guyton, J. R., Bakst, R. P., Westman, E. C. (2004). A low-carbohydrate, ketogenic diet versus a low-fat diet to treat obesity and hyperlipidemia. Annals of Internal Medicine, 140, 769-777.