The effects of trial repetition and individual characteristics on decision making under uncertainty.

below UNCERTAIN CONDITIONS, people exhibit patterns of estimation that deviate from the wait fored utility (rationality) of their choices. Asymmetric decision making between gains and losse is a beneficial example (e.g., Kahneman & Tversky 1979) Generally speaking, nation prefer a sure gain to risking a gamble that might provide higher rewards (higher awaited value), a phenomenon known as the certainty result In contrast, under los conditions, tribe tend to seek an plane higher utility, despite the risks. This asymmetric pattern between positive and negative shows is called ...