People can learn about the probabilistic consequences of their actions in two ways: One is
by consulting descriptions of an action's consequences and probabilities (eg, reading up on …

Within just 7 years, behavioral decision research in psychology underwent a dramatic
change: In 1967, Peterson and Beach (1967) reviewed more than 160 experiments …

Evidence shows that people's preference for risk changes considerably when measured
using different methods, which led us to question whether the common practice of using a …

An examination of the cognitive tools that the mind uses to grapple with uncertainty in the
real world. How do humans navigate uncertainty, continuously making near-effortless …

The modern world holds countless risks for humanity, both large-scale and intimately
personal—from cyberwarfare, pandemics, and climate change to sexually transmitted …

People's choices between prospects with relatively affect‐rich outcomes (eg, medical side
effects) can diverge markedly from their choices between prospects with relatively affect …

Two influential approaches to modeling choice between risky options are algebraic models
(which focus on predicting the overt decisions) and models of heuristics (which are also …

Decisions under risk have been shown to differ depending on whether information on
outcomes and probabilities is gleaned from symbolic descriptions or gathered through …

Vaccine hesitancy was a major challenge during the COVID-19 pandemic. A common but
sometimes ineffective intervention to reduce vaccine hesitancy involves providing …

Age differences in monetary decisions may emerge because younger and older adults
perceive the value of outcomes differently. Yet, age‐differential effects of monetary rewards …