title: Academic decision making and prospect theory.
abstract: Two studies are reported that investigate the applicability of prospect theory to college students' academic decision making. Exp. 1 failed to provide support for the risk-seeking portion of the fourfold pattern predicted by prospect theory but did find the greater weighting of losses over gains. Using a more sensitive dependent measure, in Exp. 2 the results of the first experiment were replicated in terms of the gain-loss effect and also found some support for the fourfold pattern in the interaction between probabilities and gain versus loss. The greatest risk-seeking was found in the high probability loss condition.
authors: Department of Psychology, Sociology, & Social Work, Angelo State University, San Angelo, TX 76909, USA. robert.mowrer@angelo.edu
authors: Robert R
authors: RR
authors: Mowrer
authors: William B
authors: WB
authors: Davidson
mesh_terms: D000124:Achievement; D000293:Adolescent; D000328:Adult; D002755:Choice Behavior; D003657:Decision Making; D005260:Female; D005715:Gambling / Q000523:psychology*; D006040:Goals; D006801:Humans; D007600:Judgment; D008297:Male; D008960:Models, Psychological; D009042:Motivation; D011337:Probability Learning; D011582:Psychological Theory; D012309:Risk-Taking; D013334:Students / Q000523:psychology*; D035501:Uncertainty; D055815:Young Adult