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Description- and experience-based choice: Does equivalent information equal equivalent choice?

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References

1979Prospect Theory: An Analysis of Decision under Risk48,459 cited
1988Prospect theory: An analysis of decision under risk32,475 cited
1996GPOWER: A general power analysis program4,863 cited
1971Belief in the law of small numbers.3,244 cited
1987Managerial Perspectives on Risk and Risk Taking3,198 cited
2004Decisions from Experience and the Effect of Rare Events in Risky Choice1,657 cited
2009The description–experience gap in risky choice916 cited
2006The priority heuristic: Making choices without trade-offs.745 cited
2006Decision by sampling737 cited
2003Small feedback‐based decisions and their limited correspondence to description‐based decisions736 cited
2004Predicting Risk Sensitivity in Humans and Lower Animals: Risk as Variance or Coefficient of Variation.724 cited
1995Case-Based Decision Theory659 cited
2009A choice prediction competition: Choices from experience and from description330 cited
2009Are Probabilities Overweighted or Underweighted When Rare Outcomes Are Experienced (Rarely)?276 cited
2008The description–experience gap in risky choice: the role of sample size and experienced probabilities252 cited

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2010Decisions from experience: Why small samples?207 cited

Cited by

2012Do people “personally experience” global warming, and if so how, and does it matter?589 cited
2013Mind the gap? Description, experience, and the continuum of uncertainty in risky choice50 cited
2016Incorporating conflicting descriptions into decisions from experience50 cited
2017Task complexity moderates the influence of descriptions in decisions from experience41 cited
2017The influences of described and experienced information on adolescent risky decision making40 cited
2012Uncertainty plus prior equals rational bias: An intuitive Bayesian probability weighting function.38 cited
2011Yes, they can! Appropriate weighting of small probabilities as a function of information acquisition34 cited
2013Underweighting rare events in experience based decisions: Beyond sample error32 cited
2013Incidental emotions associated with uncertainty appraisals impair decisions in the Iowa Gambling Task29 cited
2012The long and short of it: Closing the description-experience “gap” by taking the long-run view27 cited
2016When Experience Meets Description: How Dyads Integrate Experiential and Descriptive Information in Risky Decisions24 cited
2014Experiential Limitation in Judgment and Decision22 cited
2016Departures from optimality when pursuing multiple approach or avoidance goals.19 cited
2018A formal model of goal revision in approach and avoidance contexts16 cited
2020Timing of descriptions shapes experience‐based risky choice15 cited
2022MEM-EX: An exemplar memory model of decisions from experience11 cited