Chapter 1. Decision Making

1.1 Introduction

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Decision Making

These are the details for Decision Making

References:

References

1.2 Experiment Setup

1.3 Instructions

These are the instructions for the experiment.

1.4 Experiment

1.5 Results

This is the description of the results page and will include the buttons to allow for data download.

1.6 Quiz

Question 1.1

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2
Try again.
Incorrect.
The frequency of appearance of letters (R, V, K, L, N) in certain positions (first or third letter) in words is the variable measured in the first part of the current study. Tversky and Kahneman (1973) used the fact that individuals overwhelmingly assume that these letters appear more often in the first position rather than the third as evidence for their availability explanation of human decision-making.

Question 1.2

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2
Correct.
Incorrect.
Tversky and Kahneman’s availability heuristic was tested in the current study. These authors contend that people make many decisions based on the number of examples they can think of. In the first part of the experiment, participants guessed that all of the letters used were found more often as the first letter in a word rather than in the third position because it was easier to think of words in which that letter was found at the beginning.

Question 1.3

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2
Correct.
Incorrect.
Tversky and Kahneman’s availability heuristic was tested in the current study. These authors contend that people make many decisions based on the number of examples they can think of. In the first part of the experiment, participants guessed that all of the letters used were found more often as the first letter in a word rather than in the third position because it was easier to think of words in which that letter was found at the beginning.