During the last 25 years, prospect theory and its successor, cumulative prospect theory, replaced expected utility as the dominant descriptive theories of risky decision making …
Meaning is a fundamental component of nearly all aspects of human cognition, but formal models of semantic memory have classically lagged behind many other areas of cognition …
J Rieskamp - … of Experimental Psychology: Learning, Memory, and …, 2008 - psycnet.apa.org
Previous research has developed a variety of theories explaining when and why people's decisions under risk deviate from the standard economic view of expected utility …
G Campitelli, F Gobet - Review of general psychology, 2010 - journals.sagepub.com
Herbert Simon's research endeavor aimed to understand the processes that participate in human decision making. However, despite his effort to investigate this question, his work did …
Y Su, LL Rao, HY Sun, XL Du, X Li… - Journal of Experimental …, 2013 - psycnet.apa.org
The debate about whether making a risky choice is based on a weighting and adding process has a long history and is still unresolved. To address this long-standing controversy …
This article presents a quantitative model comparison contrasting the process predictions of two prominent views on risky choice. One view assumes a trade-off between probabilities …
CR Fox, C Erner, DJ Walters - The Wiley Blackwell handbook of …, 2015 - Wiley Online Library
This chapter focuses on studies of decision making under risk. It examines how insights from studies of risky choice can be extended more generally to uncertainty. An overview of …
N Shankar - Transnational Corporations Review, 2020 - Elsevier
This study investigates the impact of Global Economic Policy Uncertainty (GEPU) on firms' key marketing strategies namely, innovation as characterised by R&D spending and new …