Bateman, Ian; Dent, Sam; Peters, Ellen; Slovic, Paul; … - Centre for Decision Research and Experimental Economics … - 2006
Prior studies have observed that the attractiveness of playing a simple gamble (7/36 to win $9; otherwise win nothing) is greatly enhanced by introducing a small loss (7/36 win $9; otherwise lose 5¢). The present studies tested and confirmed an explanation of this finding based on the concept of...
