Matches in DBpedia 2016-04 for { ?s ?p "Certainty effect refers to the psychological effect resulted from the reduction of probability from certainty to probable (Tversky & Kahneman 1986). It is an idea introduced in prospect theory. Normally a reduction in probability of winning a reward (e.g. reduce from 80% to 20% of chance of winning a reward) creates psychological effect such as displeasure to individuals, which leads to the perception of loss from the original probability thus favoring a risk-aversion decision. However, the same reduction results in larger psychological effect when it is done from certainty than from uncertainty."@en }
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- Certainty_effect abstract "Certainty effect refers to the psychological effect resulted from the reduction of probability from certainty to probable (Tversky & Kahneman 1986). It is an idea introduced in prospect theory. Normally a reduction in probability of winning a reward (e.g. reduce from 80% to 20% of chance of winning a reward) creates psychological effect such as displeasure to individuals, which leads to the perception of loss from the original probability thus favoring a risk-aversion decision. However, the same reduction results in larger psychological effect when it is done from certainty than from uncertainty.".
- Q2281215 abstract "Certainty effect refers to the psychological effect resulted from the reduction of probability from certainty to probable (Tversky & Kahneman 1986). It is an idea introduced in prospect theory. Normally a reduction in probability of winning a reward (e.g. reduce from 80% to 20% of chance of winning a reward) creates psychological effect such as displeasure to individuals, which leads to the perception of loss from the original probability thus favoring a risk-aversion decision. However, the same reduction results in larger psychological effect when it is done from certainty than from uncertainty.".