uncertainty
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How Abstinence Affects Preferences
“Science is not only a disciple of reason but, also, one of romance and passion.“ (Stephen Hawking) The context of the study Recently, the mass-media got interested in the effects of easy and cheap access to high-speed pornographic material over the internet (check out this wonderful article in the Economist). Yet, there is almost no…
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Age Affects Decision Making Under Uncertainty
Behavioral Evidence In an aging society, the extent to which aging affects financial decision making becomes increasingly important to understand. We (Carsten Diener, Chrsitian Fiebach, Christiane Schwieren, Gil Sharvit and I) investigated decision making under uncertainty and how it is affected by age in two separate studies. Uncertain decisions are defined as choices with some…