A timidity error in evaluations: evaluators judge others to be too risk averse

Article Abstract:

Two studies that focuses on why evaluators may judge the behavior of decision makers to be timid even when decision makers are behaving appropriately is presented. The results reveal evidence of a timidity error in evaluation where evaluators judge target decision makers to be risk averse, even when the targets are actually employing a more thoughtful approach than their evaluators.

United States, Science & research, Organizational behavior, Organizational behaviour

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Tests of hypotheses about certainty equivalents and joint receipt of gambles

Article Abstract:

The properties of choice-induced certainty equivalents (CE) and joint receipt (JR) of gambles are examined. Results show that when CE is order preserving, convolution is nonmonotonic and equivalent to JR for gamblers, with the reverse holding true for nongamblers. Both gamblers and nongamblers also violated that JR of mixed gambles.

Models, Gambling, Gambling systems

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