Construct · 1 fields · 1 citations

certainty effect: a standalone construct

One name. One construct. A landmark on the map.

● anchor · a standalone construct Nearest construct by meaning·not indexed

A single standalone construct; nearby constructs are located against it in the Collider. Tap a field for its definition, unit, and measures.

Judgment and decision making

people overweight outcomes that are certain relative to outcomes that are merely probable.

In judgment and decision making, certainty effect refers to people overweight outcomes that are certain relative to outcomes that are merely probable. This meaning comes from Kahneman (1979) in Econometrica.[1]

Unit
Recovery means
Measured by

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Nearby constructs

loss aversion3 names · 4 citationsjangle · losses loom larger, across three fields prospect1 fields · 1 citationsanchor · a standalone construct risk6 fields · 13 citationsjingle · one name, six constructs

References

Kahneman, D., & Tversky, A. (1979). Prospect Theory: An Analysis of Decision under Risk. Econometrica, 47(2), 263. https://doi.org/10.2307/1914185

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