Decision making under time pressure, modeled in a prospect theory framework.

  title={Decision making under time pressure, modeled in a prospect theory framework.},
  author={Diana L. Young and Adam Goodie and Daniel B. Hall and Eric Wu},
  journal={Organizational behavior and human decision processes},
  volume={118 2},
The current research examines the effects of time pressure on decision behavior based on a prospect theory framework. In Experiments 1 and 2, participants estimated certainty equivalents for binary gains-only bets in the presence or absence of time pressure. In Experiment 3, participants assessed comparable bets that were framed as losses. Data were modeled to establish psychological mechanisms underlying decision behavior. In Experiments 1 and 2, time pressure led to increased risk… CONTINUE READING
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