Article1973

Time Effects on Perceived Risk Taking.

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

Abstract

Previous research has indicated that the riskiness of decision makers increases with elapsed time spent on a task. This research raises the question whether the decision makers are aware of their increasing riskiness and their increasing risk taking on various dimensions of their task. Subjects participated in the Tactical and Negotiations Game, an experimental simulation of a small scale internation conflict. It appears that subjects differentiated between only two risk dimensions. (Modified author abstract)

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