Moderate stability of risk and ambiguity attitudes across quantitative and qualitative decisions.

ABSTRACT: Uncertainty lies at the heart of everyday choices, affecting both decisions about precise quantities and those with less tangible, more qualitative, outcomes. Previous literature on decisions under uncertainty focused on alternatives with quantifiable outcomes, for example monetary lotteries. In such scenarios, decision-makers make decisions based on success chance, outcome magnitude, and individual preferences for uncertainty. It is not clear, however, how individuals construct subjective values when outcomes are not directly quantifiable. To explore how decision-makers choose between non-quantifiable uncertain outcomes, we focus here on medical decisions with qualitative outcomes. Specifically, we ask whether decision-makers exhibit similar attitudes towards uncertainty, focusing on ambi

SUBMITTER: Dan O 

PROVIDER: S-EPMC11760528 | biostudies-literature | 2025 Jan

REPOSITORIES: biostudies-literature