Making choices in repetitive risky situations with immediate feedback
Elżbieta Babula,
Urszula Mrzygłód
Abstract:This study examines decision-making behavior under risk using a repeated choices experimental design with immediate feedback. The aim is to investigate the heuristics of choice under risk and their performance when feedback is provided immediately after each decision. The experimental results reveal that participants demonstrate a notable inclination to take risks, which is consistent with prior research indicating an increase in risk-taking with experience. Furthermore, the overall performance of the 11 teste… Show more
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