Risk perception and acceptance--one process or two? The impact of aspirations on perceived risk and preferences.

@article{Sokolowska2006RiskPA,
  title={Risk perception and acceptance--one process or two? The impact of aspirations on perceived risk and preferences.},
  author={Joanna Sokolowska},
  journal={Experimental psychology},
  year={2006},
  volume={53 4},
  pages={247-59}
}
The experiments discussed here are aimed at determining whether risk perception and risk acceptance are two distinct psychological processes. This study is motivated by the idea of a double-criterion model of choice. In particular, in line with risk-value (R-V) models, in which risk is treated as a primitive, it is tested whether risk is independent of aspirations and whether preferences depend on aspirations. In two experiments, 305 university students were presented with pairs of risky… CONTINUE READING

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