Sunstein advocates a more systematic approach to the study of moral decision-making, namely the heuristics-and-biases paradigm. We offer two concerns and suggest that a focus on decision processes can add value. Recent research on decision modes suggest that it is useful to distinguish between...

This paper proposes a revised version of the original Domain-Specific Risk-Taking (DOSPERT) scale developed by Weber, Blais, and Betz (2002) that is shorter and applicable to a broader range of ages, cultures, and educational levels. It also provides a French translation of the revised scale....

An experiment examined how the type and presentation format of information about investment options affected investors' expectations about asset risk, returns, and volatility and how these expectations related to asset choice. Respondents were provided with the names of 16 domestic and foreign...

In the last two decades, much has been published on the topic of culture and cross-cultural psychology and much on the topic of judgment and decision making (J/DM). However, only a few researchers have examined the intersection of the two areas. In this article, we review this body of research....

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 repondents were significantly less risk-averse in their pricing than Americans when risk preference was assessed in...

Intellectual property piracy is a significant global problem and an enormous problem for U.S. companies and policymakers. This article examines why typically law-abiding people are more inclined to steal intellectual property products than more tangible, material products. The authors propose...

Cox and Vjollca (2010) argue that the coefficient of variation (CV) fails as a normative criterion for risk taking in risky choice because it predicts violations of dominance. They suggest that it fails also on descriptive grounds because such violations are not observed in a study they...

Background: Health risks are sometimes illustrated with stick figures, with a certain proportion colored to indicate they are affected by the disease. Perception of these graphics may be affected by whether the affected stick figures are scattered randomly throughout the group or arranged in a...

Extreme events, by definition, cause much harm to people, property, and the natural world. Sometimes they result from the vagaries of nature, as in the case of flood, earthquake, or storm, and thus are truly the outcomes of "games against nature." In other cases they follow technological failure...

We hypothesized a phenomenon that we term myopic misery. According to our hypothesis, sadness increases impatience and creates a myopic focus on obtaining money immediately instead of later. This focus, in turn, increases intertemporal discount rates and thereby produces substantial financial...