We test the effects of dual processing differences in both individual traits and decision states on risk taking. In an … experiment with a large representative sample (N = 1,832), we vary whether risky choices are induced to be based on either … emotion or reason, while simultaneously measuring individual decision-making traits. Our results show that decision …

Both economists and psychologists are interested in understanding decision making under uncertainty. Yet, they rely on …

In an experiment that elicits subjects' willingness to pay (WTP) for the outcome of a lottery, we confirm the fourfold …

experiment using pairwise lottery choice and a within-subject design, we showthat putting subjects under load via a concurrent …. We discuss how these findings relate to both dual-system and unitarysystem theories of decision making.We observe that … predictions of both recent dual-system and drift–diffusion models of the decision-making process are confirmed by our data and …

order to disentangle different choice dynamics, they devise a laboratory experiment with a novel experimental task in which …

population for our experiment. By presenting subjects with choice tasks that vary the bias induced by random choices, we are able … suggest that cognitive ability is related to random decision making, rather than to risk preferences. -- Risk preference … ; cognitive ability ; experiment; noise …

Until recently we have known little about how core decision processes change with age and how aging may impact the … reward-related decision-making contexts. A range of decision-related processes are covered, from adult age differences in … basic sensitivity to gains and losses to areas of decision making that require increasing integration of information, and …

deliberate has evolved for good reason. But on many more tasks than one might think at first sight, intuitive decision-making, or …

population for our experiment. By presenting subjects with choice tasks that vary the bias induced by random choices, we are able … suggest that cognitive ability is related to random decision making, rather than to risk preferences …

for our experiment. By presenting subjects with choice tasks that vary the bias induced by random choices, we are able to … that cognitive ability is related to random decision making rather than to risk preferences …