Citation

Lovallo D, Kahneman D. J. Behav. Decis. Mak. 2000; 13(2): 179-190.

Copyright

(Copyright © 2000, John Wiley and Sons)

DOI

10.1002/(SICI)1099-0771(200004/06)13:2<179::AID-BDM332>3.0.CO;2-J

PMID

unavailable

Abstract

This study extends Loewenstein's (1987) notions of savoring and dread to the domain of uncertainty. Measures of attractiveness and of willingness to delay the resolution of uncertainty were obtained for 16 two-outcome gambles with expected value of $1000 and for reflected versions of the same gambles. In both sets, the correlation between the means of the two measures was almost perfect. Positively skewed gambles were most attractive, and associated with the highest tolerance for delayed resolution. A measure of willingness to pay for early resolution showed a similar pattern. Copyright (C) 2000 John Wiley & Sons, Ltd.

Language: en