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Journal Article

Citation

Keller LR, Wang Y. Risk Anal. 2016; 37(6): 1132-1145.

Affiliation

University of Technology Sydney, Sydney, NSW, Australia.

Copyright

(Copyright © 2016, Society for Risk Analysis, Publisher John Wiley and Sons)

DOI

10.1111/risa.12697

PMID

27653944

Abstract

For the last 30 years, researchers in risk analysis, decision analysis, and economics have consistently proven that decisionmakers employ different processes for evaluating and combining anticipated and actual losses, gains, delays, and surprises. Although rational models generally prescribe a consistent response, people's heuristic processes will sometimes lead them to be inconsistent in the way they respond to information presented in theoretically equivalent ways. We point out several promising future research directions by listing and detailing a series of answered, partly answered, and unanswered questions.

© 2016 Society for Risk Analysis.


Language: en

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