Ontology highlight
ABSTRACT:
SUBMITTER: Tobler PN
PROVIDER: S-EPMC2678436 | biostudies-literature | 2009 Apr
REPOSITORIES: biostudies-literature
Tobler Philippe N PN Christopoulos George I GI O'Doherty John P JP Dolan Raymond J RJ Schultz Wolfram W
Proceedings of the National Academy of Sciences of the United States of America 20090415 17
When making choices under uncertainty, people usually consider both the expected value and risk of each option, and choose the one with the higher utility. Expected value increases the expected utility of an option for all individuals. Risk increases the utility of an option for risk-seeking individuals, but decreases it for risk averse individuals. In 2 separate experiments, one involving imperative (no-choice), the other choice situations, we investigated how predicted risk and expected value ...[more]