New research uncovers why an increase in probability feels riskier than a decrease
Thursday, June 23, 2016 - 12:51
in Psychology & Sociology
New research uncovers why an increase in probability feels riskier than a decrease. The research falls under the realm of subjective probability, also known as likelihood or risk. While past research has looked at how people interpret single estimates of the probability for a future event, the focus of this research was on how estimates change over time.