Certainty effect
id:
certainty-effect-322-12561247
title:
Certainty effect
text:
The certainty effect is the psychological effect resulting from the reduction of probability from certain to probable. It is an idea introduced in prospect theory. Normally a reduction in the probability of winning a reward creates a psychological effect such as displeasure to individuals, which leads to the perception of loss from the original probability thus favoring a risk-averse decision. However, the same reduction results in a larger psychological effect when it is done from certainty tha
brand slug:
wiki
category slug:
encyclopedia
description:
Psychological effect
original url:
https://en.wikipedia.org/wiki/Certainty_effect
date created:
date modified:
2023-11-23T16:41:06Z
main entity:
{"identifier":"Q2281215","url":"https://www.wikidata.org/entity/Q2281215"}
image:
fields total:
13
integrity:
14