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The Psychology of Decision Making in Risk (Part 1 of 2)

The Psychology of Decision Making in Risk (Part 1 of 2)
Psychology, Strategy, Series

Article Rating:::: 2 Ratings :::: Thursday, October 29, 2009
 

Sometimes choosing between options is not easy, especially when you have to deal with probabilities. You may think each option has its own pros and cons. The situation gets even more complicated when you realise someone else has these options and are wondering which one they are going to choose. In Risk, decision making plays a significant role and it is ideal to have a deeper look at this topic.

To start this investigation, let’s do an experiment. To get good results, please follow these instructions carefully.

Below, you can see two links. Each of these links leads you to a simple question. Please answer  the first question, then come back to this page and then answer the second question. Do not view the results before giving your vote to make sure the data remains valid.

Note: Please answer both questions one after the other, so we can get consistent results.

Risk Decision Making Question 1

Risk Decision Making Question 2

Once you have voted, you can read the next part of article in Part 2.

 



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Rate = 2.5 out of 5 :::: 2 Ratings.
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