This article surveys the latest research on risky-choice framing effects, focusing implications for rational decision-making. An influential program of psychological suggests that people's judgements and decisions depend way in which information is presented, or ‘framed’. In a central choice paradigm, decision-makers seem to adopt different preferences, attitudes risk, depending whether options...

Converging evidence from human and animal studies suggests that decision-making relies upon a distributed neural network based in the frontal lobes. In particular, models of decision-making emphasize the involvement of orbitofrontal cortices (OFC) and the medial wall. While decision-making has been studied broadly as a class of executive function, recent models have suggested the differentiatio...

In this study, 306 individuals in 3 age groups--adolescents (13-16), youths (18-22), and adults (24 and older)--completed 2 questionnaire measures assessing risk preference and risky decision making, and 1 behavioral task measuring risk taking. Participants in each age group were randomly assigned to complete the measures either alone or with 2 same-aged peers. Analyses indicated that (a) risk ...

Of all psychiatric disorders, the disruptive behavior disorders (DBDs) are the most likely to predispose to substance dependence (SD). One possible underlying mechanism for this increased vulnerability is risky decision making. The aim of this study was to examine decision making in DBD adolescents with and without SD. Twenty-five DBD adolescents (19 males) with SD (DBD+SD), 28 DBD adolescents ...

Abstract This paper assesses the ways in which characteristics of entrepreneurs from transition economies, and extent to they participate making business decisions, affect their propensity make rational/risky decisions a work environment. A multicontextual analysis entrepreneurial decision-making is provided, facilitating better understanding further advancement entrepreneurship countries Monte...