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In this study, respondents from the P.R.C., U.S.A., Germany, and Poland were found to differ in risk preference, as … measured by buying prices for risky financial options. Chinese respondents were significantly less risk-averse in their pricing … than Americans when risk preference was assessed in the traditional expected-utility framework. However, these apparent …
Persistent link: https://www.econbiz.de/10009204003
expected utility framework as differences in risk attitude (as measured by risk-averse vs. risk-seeking utility functions) or … as differences in the perception of the relative riskiness of choice alternatives as permitted by risk …-return interpretations of utility functions, leaving open the possibility of stable cross-situational risk preference as a personality trait …
Persistent link: https://www.econbiz.de/10009209011
large numbers. Perceived risk judgments showed only low correlations with standard deviation estimates, but were instead …
Persistent link: https://www.econbiz.de/10009198263
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importance of affect in perceptions of risk and in decisions to take actions that reduce or manage perceived risks. Evidence from … a range of domains suggests that worry drives risk management decisions. When people fail to be alarmed about a risk or …, characteristics of the hazard identified as psychological risk dimensions predict differences in alarm or worry across different …
Persistent link: https://www.econbiz.de/10014207119
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climate information. However, in order for climate information to be fully embraced and successfully implemented into risk … management, the issue needs to be looked at in terms of risk communication in human decision makers — (as) individuals and (in …) groups. What is special about human risk perception and decision making under risk and situations of uncertainty regarding …
Persistent link: https://www.econbiz.de/10014038652
This study tests the adequacy of the axioms underlying Luce and Weber's (1986) conjoint expected risk model. Risk … transformations on risk hold for negative-outcome lotteries but encounter some difficulty for positive-outcome lotteries. Possible … explanations for violations are suggested, and implications of these results for the modeling of perceived risk are discussed …
Persistent link: https://www.econbiz.de/10014046941