Experience Fails to Improve Rational Decision-Making

A sobering new study finds that many people have difficulty making informed decisions over situations that involve risk. And even when the probability of outcomes is known, we continue to make decisions at odds with probability. Researchers from New York University and Université Paris Descartes, have published their findings in the journal Psychological Science. In the [...]

Source: http://psychcentral.com/news/2012/02/14/experience-fails-to-improve-rational-decision-making/34805.html

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