Deciding Fast and Slow in Risk Decision Making: An Experimental Study

Authors

Xiaorui Wang, Beihang University, ChinaFollow
Ronggang Zhou, Beihang University, ChinaFollow
Renqian Zhang, Beihang University, ChinaFollow

Corresponding Author

Ronggang Zhou

Document Type

Article

Abstract

The current study presents findings of an experiment. Response time was used to investigate fast deciders’ (FD) and slow deciders’ (SD) behavioral differences. SDs were found to be more cognitive than FDs and this could induce an increase in average response time. Both FDs and SDs showed aversion to extreme options, but they behaved differently with option ‘S’ being “safer” among groups. Moreover, FDs responded more instinctively to negative feedbacks.

Recommended Citation

Wang, Xiaorui; Zhou, Ronggang; and Zhang, Renqian, "Deciding Fast and Slow in Risk Decision Making: An Experimental Study" (2017). ICEB 2017 Proceedings (Dubai, UAE). 11.
https://aisel.aisnet.org/iceb2017/11