81 research outputs found
Of Black Swans and Tossed Coins: Is the Description-Experience Gap in Risky Choice Limited to Rare Events?
When faced with risky decisions, people tend to be risk averse for gains and risk
seeking for losses (the reflection effect). Studies examining
this risk-sensitive decision making, however, typically ask people directly what
they would do in hypothetical choice scenarios. A recent flurry of studies has
shown that when these risky decisions include rare outcomes, people make
different choices for explicitly described probabilities than for experienced
probabilistic outcomes. Specifically, rare outcomes are overweighted when
described and underweighted when experienced. In two experiments, we examined
risk-sensitive decision making when the risky option had two equally probable
(50%) outcomes. For experience-based decisions, there was a reversal of
the reflection effect with greater risk seeking for gains than for losses, as
compared to description-based decisions. This fundamental difference in
experienced and described choices cannot be explained by the weighting of rare
events and suggests a separate subjective utility curve for experience
Medicinal plants – prophylactic and therapeutic options for gastrointestinal and respiratory diseases in calves and piglets? A systematic review
The need for an in vitro equine airway epithelial cell model: implications for RAO and pharmacological studies
Carbohydrate Mobilization During Germination of Post-Diapausing Gemmules of the Freshwater Sponge Eunapius fragilis
Volume: 191Start Page: 393End Page: 40
Isolation, characterization and culture of primary equine bronchial epithelial cells: An in vitro model for pharmacological studies
Regulation of equine lymphocyte β-adrenoceptors under the influence of clenbuterol and dexamethasone
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