Article1992

Second best choices and change in risk‐taking

1 citations0/0 files storedScandinavian Journal of Psychology

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Decision-Making and Behavioral Economics Experimental Behavioral Economics Studies Leadership, Behavior, and Decision-Making Studies

Abstract

Subjects were to reveal their best as well as their second best choices in so‐called choice‐dilemma problems. It was found that the second best choices consistently tended to be more risk‐filled than the best choices. Implications of this finding are discussed.

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References

1965Risk Taking: A Study in Cognition and Personality 1964Diffusion of responsibility and level of risk taking in groups.

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