Theories and studies of risk preferences typically assume that the subjective value of an outcome is independent of its probability. In this paper https://t.co/IZi9fYf3Fs (in press at Management Science) @andre_quentin and I questioned the validity of this assumption 1/2
Hi Society for Judgment and Decision-Making appreciators!
Let us know about your SJDM related announcements, conferences, and jobs by tagging @SJDM_Tweets in your tweets!
@andre_quentin One version of that argument is that tradeoff exists at researcher level--both rigor and relevance take effort, effort is zero-sum, so focus with rigor implies neglecting relevance. Not my take :-) "Rigor and Relevance" will be the theme of the Doc Symp at #ACR2024! @aconsres
@annemscheel@ianhussey That's great. I've been long looking for a small exercise (ideally not requiring particular programming skills) to let people experience how degrees of freedom affect conclusions. I'd also love to learn more...
🚨 New in @PNASNews 🚨
We find that people see more of their #biases in #algorithms' decisions than in their own #decisions, even when algorithms are trained on their decisions and when those decisions are the same. 1/n
https://t.co/bxF4sMGCIm
Woke up to the good news that our paper (w/ @nreinholtz) on group sequential designs is accepted at @JCRNEWS !
Want to learn more about designing more efficient and more informative studies? This blog post summarizes the key insights from our paper:
https://t.co/yER4FOPPHE
Papers covered by @nytimes get cited more. Is that causal or just selection bias?
Almost surely causal: papers that NYT *wanted* to cover but *didn't* because of a strike got cited similarly as unwanted (but equally prominent) papers
https://t.co/RAByJ9U7Ah
Are you a PhD student in marketing at a European University? Submit your dissertation research to the 10th SIMktg Doctoral & Research Colloquium, the deadline is March 31 - More info: https://t.co/gRm5MCRqEY @gpaolacci@real_k_diehl@chofack Ana Valenzuela Marco Visentin @SIMktg
@lakens@CameronBrick Until now I thought "very learned opponent" and "highly learned opponent" were interchangeable :-) I find the formality of PhD defense in the NL very funny (and surprising for the NL), and also defied by how many people in the room clearly find it funny.
@jayvanbavel@gavaruzzi@eRubaltelli We got the first rejection by some journal in the morning. We resubmitted it right away to Judgment and Decision-Making. @jonbaron1944 read it and desk rejected it in the afternoon--on very fair grounds and sharing actual comments. A mix of many emotions.
The subjective value of a prospective outcome should not depend on the likelihood it will occur, but @gpaolacci & @andre_quentin find people actually anticipate less utility from uncertain than from certain outcomes, even conditional on their realization:
https://t.co/CMUulOojPe