The effects of recency and numerical uncertainty estimates on overcautiousness - Demnitz R, Joslyn S.

The four experiments reported here tested the impact of recent negative events on decision-making. Participants were given a virtual budget to spend on crops of varying costs and payoffs that, in some cases, depended on drought conditions. Participants mad...
Source: SafetyLit - Category: International Medicine & Public Health Tags: Disaster Preparedness Source Type: news