Journal article
Common and distinct factors in decision making under ambiguity and risk: A psychometric study of individual differences
Organizational behavior and human decision processes, Vol.104(2), pp.130-149
11/01/2007
DOI: 10.1016/j.obhdp.2007.04.001
Abstract
The relation between decision making under ambiguity and risky decision making was examined. In Studies I and 2, choices under ambiguity were measured for a large sample receiving an Ellsberg-type Ambiguity-Probability Tradeoff Task. Participants with extreme scores were recruited for Part 2 of each study which consisted of a risky decision making task (Study 1) or a series of decisions under ambiguity in "real life" scenarios (Study 2). Despite a time gap of up to 2 months, individual differences in scores on Part I predicted scores on Part 2. In Study 3 participants received in a single session several risky decision making tasks, several measures of decision making under ambiguity, and several personality scales related to uncertainty and decision making style. Taken together, the findings support the existence of a stable dispositional trait to reduce uncertainty in decision making but also task-specific differences related to gains and losses. (C) 2007 Elsevier Inc. All rights reserved.
Details
- Title: Subtitle
- Common and distinct factors in decision making under ambiguity and risk: A psychometric study of individual differences
- Creators
- Marco Lauriola - Sapienza University of RomeIrwin P. Levin - University of IowaStephanie S. Hart - University of Houston - Clear Lake
- Resource Type
- Journal article
- Publication Details
- Organizational behavior and human decision processes, Vol.104(2), pp.130-149
- DOI
- 10.1016/j.obhdp.2007.04.001
- ISSN
- 0749-5978
- eISSN
- 1095-9920
- Publisher
- Elsevier
- Number of pages
- 20
- Language
- English
- Date published
- 11/01/2007
- Academic Unit
- Marketing; Psychological and Brain Sciences
- Record Identifier
- 9984963101002771
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