Tests exist for evaluating personality, intelligence and memory. However, up to now, it was not easily possible to find out how good someone is at making decisions in risky situations.
Gamblers show the same tendencies as pigeons when they make risky decisions, new research has shown. Researchers conducted tests that found that both human gamblers and pigeons were 35% more likely to gamble for high-value than low-... Read Post
From high-stakes gambling in a casino to deciding whether or not to buy an airplane ticket today or wait for a possible seat sale, our processes for making decisions involving risk show distinct patterns. A new study from the Univer... Read Post