Predictable or Not? Individuals’ Risk Decisions Do Not Necessarily Predict Their Next Ones

Wong, Kin Fai Ellick; Cheng, Cecilia
February 2013
PLoS ONE;Feb2013, Vol. 8 Issue 2, p1
Academic Journal
This research examines the extent to which people may be free to make choices by testing their consistency in choosing risk options. In two experiments, participants were instructed to make the “same” type of risk decisions repeatedly. Experiment 1 showed that when the information for decision is positively framed in terms of gain, the participant’s choice in a particular decision could not be predicted by his or her choice in another decision (R2s<.02). Experiment 2 showed a statistically significant predictability when the information is negatively framed in terms of loss, although the predictability was still very low (R2s<.07). These findings indicate the existence of a large room of variations in which a person may freely choose.


Related Articles

  • The Nature of Impulsivity: Visual Exposure to Natural Environments Decreases Impulsive Decision-Making in a Delay Discounting Task. Berry, Meredith S.; Sweeney, Mary M.; Morath, Justice; Odum, Amy L.; Jordan, Kerry E. // PLoS ONE;May2014, Vol. 9 Issue 5, p1 

    The benefits of visual exposure to natural environments for human well-being in areas of stress reduction, mood improvement, and attention restoration are well documented, but the effects of natural environments on impulsive decision-making remain unknown. Impulsive decision-making in delay...

  • When None of Us Perform Better than All of Us Together: The Role of Analogical Decision Rules in Groups. Meslec, Nicoleta; Curşeu, Petru Lucian; Meeus, Marius T. H.; Iederan Fodor, Oana C. // PLoS ONE;Jan2014, Vol. 9 Issue 1, p1 

    During social interactions, groups develop collective competencies that (ideally) should assist groups to outperform average standalone individual members (weak cognitive synergy) or the best performing member in the group (strong cognitive synergy). In two experimental studies we manipulate the...

  • Emotion and the Law: A Framework for Inquiry. Wiener, Richard L.; Bornstein, Brian H.; Voss, Amy // Law & Human Behavior (Springer Science & Business Media B.V.);Apr2006, Vol. 30 Issue 2, p231 

    This paper draws on research in social and cognitive psychology to show how theories of judgment and decision making that incorporate decision makers' affective responses apply to legal contexts. It takes 2 widely used models of decision making, the rational actor and lens models, and...

  • THE INCIDENCE OF SOCIAL-PSYCHOLOGICAL STRESS IN FARM FAMILIES. Hedlund, Dalva; Berkowitz, Alan // International Journal of Sociology of the Family;Jul79, Vol. 9 Issue 2, p233 

    The article focuses on the incidence of social-psychological stress in farm families. Stresses reported by farm families relate to a variety of factors within and external to the family and are mediated by a number of relevant family characteristics. Preliminary analysis suggests that the...

  • Processing Irrelevant Location Information: Practice and Transfer Effects in a Simon Task. Welch, Dan B.; Seitz, Aaron R. // PLoS ONE;Jul2013, Vol. 8 Issue 7, p1 

    How humans produce cognitively driven fine motor movements is a question of fundamental importance in how we interact with the world around us. For example, we are exposed to a constant stream of information and we must select the information that is most relevant by which to guide our actions....

  • New Insights About Brain, Emotions, Social Behavior to Be Discussed by Renowned Neuroscientist May 4 at UC San Diego.  // Ascribe Newswire: Medicine;4/16/2004, p68 

    The role of emotions in decision-making and the brain mechanisms underlying such feelings as joy and sorrow will be among the topics discussed on May 4 in a lecture at University of California, San Diego (UCSD) Center for the Humanities by Antonio Damasio, professor of Neurology and head of the...

  • NEURO-GOV: NEUROSCIENCE AND GOVERNANCE. Farmer, David John // Administrative Theory & Praxis (Administrative Theory & Praxis);Dec2006, Vol. 28 Issue 4, p653 

    The article focuses on the integration between neuroscience and governance. Included among the topics that can be profitably investigated from a neuroscientific evidence are decision making, motivation, emotion and stereotyping. Neuroscientific concepts are being applied by neurophilosophy to...

  • A gap in Nisbett and Wilson's findings? A first-person access to our cognitive processes.  // Constructivist Foundations;Nov2013, Vol. 9 Issue 1, p148 

    The article presents a paper titled "A gap in Nisbett and Wilson's findings? A first-person access to our cognitive processes" by C. Petitmengin and colleagues, published in the journal "Consciousness and Cognition," that highlights the use of a protocol to explain human decision making process.

  • COGNITIVE MAPPING AS A TECHNIQUE FOR SUPPORTING INTERNATIONAL NEGOTIATION. Bonham, G. Matthew // Theory & Decision;May93, Vol. 34 Issue 3, p255 

    This article explores the use of cognitive mapping as a tool for supporting international negotiation. Cognitive mapping was developed from the research tradition in cognitive psychology that was pioneered by Heider, congruity theory and attribution theory. Applied to political analysis, the...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics