Decision-making under different risk presentation forms: an empirical investigation from Czech Republic

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989592%3A15210%2F16%3A33159920" target="_blank" >RIV/61989592:15210/16:33159920 - isvavai.cz</a>

Výsledek na webu

—

DOI - Digital Object Identifier

—

Jazyk výsledku

angličtina

Název v původním jazyce

Decision-making under different risk presentation forms: an empirical investigation from Czech Republic

Popis výsledku v původním jazyce

The goal of this research is the empirical investigation of the effect of different forms of presentation of information concerning risky alternatives to people. Specifically, we further explore the findings of Morreale et al. from 2016, concerning the way how decision-makers use the information about possible future outcomes presented in various forms including histograms or continuous distributions in their decision-making. The results of a survey conducted on a sample of 26 bachelor students of Applied Economics in the Czech Republic provide evidence in favor of the existence of the irregularity in risk propensity connected with the amount and form of information presented to the decision-makers identified by Morreale et al. on an Italian sample. This previously undescribed change of risk propensity is associated with the mode of presentation of information, when the decision-maker is provided with the mean value of a risky alternative and the range of its possible values. Departure from this mode - i.e. either reduction or addition of information with respect to this setting can result in the decrease of risk propensity of the decision-maker.

Název v anglickém jazyce

Decision-making under different risk presentation forms: an empirical investigation from Czech Republic

Popis výsledku anglicky

The goal of this research is the empirical investigation of the effect of different forms of presentation of information concerning risky alternatives to people. Specifically, we further explore the findings of Morreale et al. from 2016, concerning the way how decision-makers use the information about possible future outcomes presented in various forms including histograms or continuous distributions in their decision-making. The results of a survey conducted on a sample of 26 bachelor students of Applied Economics in the Czech Republic provide evidence in favor of the existence of the irregularity in risk propensity connected with the amount and form of information presented to the decision-makers identified by Morreale et al. on an Italian sample. This previously undescribed change of risk propensity is associated with the mode of presentation of information, when the decision-maker is provided with the mean value of a risky alternative and the range of its possible values. Departure from this mode - i.e. either reduction or addition of information with respect to this setting can result in the decrease of risk propensity of the decision-maker.

Druh

D - Stať ve sborníku

CEP obor

BB - Aplikovaná statistika, operační výzkum

OECD FORD obor

—

Projekt

—

Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2016

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

Proceedings of the NSAIS'16 Workshop on Adaptive and Intelligent Systems 2016

ISBN

978-952-265-986-6

ISSN

2243-3376

e-ISSN

—

Počet stran výsledku

4

Strana od-do

10-13

Název nakladatele

Lappeenranta University of Technology

Místo vydání

Lappeenranta

Místo konání akce

Lappeenranta, Finland

Datum konání akce

16. 8. 2016

Typ akce podle státní příslušnosti

EUR - Evropská akce

Kód UT WoS článku

—