The Description-Experience Gap in the Double Down Gamble
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| Language: | English |
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Miami University / OhioLINK
2011
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| Online Access: | http://rave.ohiolink.edu/etdc/view?acc_num=miami1316278105 |
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ndltd-OhioLink-oai-etd.ohiolink.edu-miami1316278105 |
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ndltd-OhioLink-oai-etd.ohiolink.edu-miami13162781052021-08-03T05:41:25Z The Description-Experience Gap in the Double Down Gamble Fisher, Christopher R. Cognitive Psychology decision making risk taking judgment gamble double down Risk taking on the double down gamble was examined as a function of experience or descriptions. Participants attempted to win a fixed amount of hypothetical money by betting that a coin would land on heads within a predetermined number of trials. Risk increased as a function of trials while the expected value remained constant. Some received information tables of potential losses or probabilities while others experienced simulations. Based on studies that found underweighting of low probabilities when experienced, experiencing a win was hypothesized to increase risk taking. Describing the probability of winning resulted in the most risk taking. The other conditions did not differ from each other. Perceived risk was comparable to the control condition when losses were described or experienced but decreased when wins were experienced or probabilities were described. Degree of handedness and risk taking were not associated with doubling down. 2011-09-20 English text Miami University / OhioLINK http://rave.ohiolink.edu/etdc/view?acc_num=miami1316278105 http://rave.ohiolink.edu/etdc/view?acc_num=miami1316278105 unrestricted This thesis or dissertation is protected by copyright: all rights reserved. It may not be copied or redistributed beyond the terms of applicable copyright laws. |
| collection |
NDLTD |
| language |
English |
| sources |
NDLTD |
| topic |
Cognitive Psychology decision making risk taking judgment gamble double down |
| spellingShingle |
Cognitive Psychology decision making risk taking judgment gamble double down Fisher, Christopher R. The Description-Experience Gap in the Double Down Gamble |
| author |
Fisher, Christopher R. |
| author_facet |
Fisher, Christopher R. |
| author_sort |
Fisher, Christopher R. |
| title |
The Description-Experience Gap in the Double Down Gamble |
| title_short |
The Description-Experience Gap in the Double Down Gamble |
| title_full |
The Description-Experience Gap in the Double Down Gamble |
| title_fullStr |
The Description-Experience Gap in the Double Down Gamble |
| title_full_unstemmed |
The Description-Experience Gap in the Double Down Gamble |
| title_sort |
description-experience gap in the double down gamble |
| publisher |
Miami University / OhioLINK |
| publishDate |
2011 |
| url |
http://rave.ohiolink.edu/etdc/view?acc_num=miami1316278105 |
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AT fisherchristopherr thedescriptionexperiencegapinthedoubledowngamble AT fisherchristopherr descriptionexperiencegapinthedoubledowngamble |
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