Effects of Icons Arrays on Risky Decision Making

Paul C. Price; Mariana Vargas Arciga

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Effects of Icons Arrays on Risky Decision Making

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Description: This project looked at the effect of icon arrays on performance in a laboratory risky-decision task. The main result were that random icon arrays (but not grouped icon arrays) resulted in less risk taking. A follow up experiment suggested that this is because random arrays appear to represent greater probabilities than grouped arrays.

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