Journal article
Some thoughts on the psychological concept of risk
Journal of experimental psychology. Human perception and performance, Vol.9(1), pp.137-144
02/1983
DOI: 10.1037/0096-1523.9.1.137
Abstract
Suggests that the psychological concept of risk has been limited by the reliance of experimenters on simple, static lotteries or gambles. Several treatments of risk from the older economic literature are presented to illustrate aspects of risk that psychologists tend not to consider. These aspects include the distinction between risk and uncertainty, the problem of ambiguity in risky choice, and the relation between risk preference and planning. The role of the decision makers' goals and aspirations in risky decisions is highlighted. (14 ref)
Details
- Title: Subtitle
- Some thoughts on the psychological concept of risk
- Creators
- Lola L Lopes - U Wisconsin, Madison
- Resource Type
- Journal article
- Publication Details
- Journal of experimental psychology. Human perception and performance, Vol.9(1), pp.137-144
- DOI
- 10.1037/0096-1523.9.1.137
- ISSN
- 0096-1523
- eISSN
- 1939-1277
- Publisher
- American Psychological Association
- Number of pages
- 8
- Language
- English
- Date published
- 02/1983
- Academic Unit
- Management and Entrepreneurship ; Psychological and Brain Sciences
- Record Identifier
- 9984963198302771
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