Lecture 6: evaluating outcomes of decisions Flashcards
1
Q
perception of risk
A
we underestimate big risks we see in day to day life but over estimate small risks we do not hear about
2
Q
why do we have this perception of risk
A
non - experts seem to have high perceptions of risks/outcomes
negativity bias/availability heuristics
3
Q
what factor affects judgments of probability
A
the manipulation of perceived danger
