Playing for peanuts: Why is risk seeking more common for low-stakes gambles?

被引:106
作者
Weber, BJ [1 ]
Chapman, GB [1 ]
机构
[1] Rutgers State Univ, Dept Psychol, Piscataway, NJ 08854 USA
基金
美国国家科学基金会;
关键词
risk; probability; outcome magnitude; magnitude effect; disappointment; regret; peanuts effect; preference reversals;
D O I
10.1016/j.obhdp.2005.03.001
中图分类号
B849 [应用心理学];
学科分类号
040203 ;
摘要
Previous research has found that decision makers are more risk seeking for small-stakes gambles than for large-stakes gambles. This "peanuts effect" is not easily explained by Prospect Theory. Two experiments examined the range of circumstances in which peanuts effects occur and tested the hypothesis that anticipated disappointment or anticipated regret explains the peanuts effect. The results suggest that the peanuts effect is related to disappointment, but do not support a connection between the peanuts effect and regret. (c) 2005 Elsevier Inc. All rights reserved.
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页码:31 / 46
页数:16
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