About: Domain-based asymmetry in expectations of the future

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An Entity of Type : schema:ScholarlyArticle, within Data Space : wasabi.inria.fr associated with source document(s)

Attributes	Values
type	Academic Article research paper schema:ScholarlyArticle
isDefinedBy	Covid-on-the-Web dataset
has title	Domain-based asymmetry in expectations of the future
Creator	Monga, Ashwani Rao, Akshay
Source	Elsevier; Medline; PMC
abstract	Abstract We examine how prior outcomes can influence expectations about unrelated future events. Consistent with the affect literature, we first predict that prior outcomes will yield more optimistic expectations when the outcomes are positively, rather than negatively, valenced. We then predict that the impact of prior outcomes will depend on not only the valence, but also the domain of prior outcomes. Specifically, we draw from Prospect theory to predict that the impact of prior outcomes on future expectations will be greater in the domain of losses than in the domain of gains. Two lottery-based experiments demonstrate that this effect is robust across different starting and ending wealth states, and a third experiment shows that these differences in expectations also translate into differences in risk preferences.
has issue date	2006-05-31(xsd:dateTime)
bibo:doi	10.1016/j.obhdp.2006.02.002
bibo:pmid	32288178
has license	els-covid
sha1sum (hex)	ea1e56714716e37976424e685c00f6176ddd86f8
schema:url	https://doi.org/10.1016/j.obhdp.2006.02.002
resource representing a document's title	Domain-based asymmetry in expectations of the future
has PubMed Central identifier	PMC7125907
has PubMed identifier	32288178
schema:publication	Organizational Behavior and Human Decision Processes
resource representing a document's body	covid:ea1e56714716e37976424e685c00f6176ddd86f8#body_text
is schema:about of	named entity 'asymmetry' named entity 'ASYMMETRY' named entity 'IMPACT' named entity 'LOTTERY' named entity 'TRANSLATE' named entity 'PROSPECT THEORY' named entity 'ABOUT' named entity 'LITERATURE' named entity 'PREFERENCES' named entity 'ROBUST' named entity 'DEPEND' named entity 'PREDICT' named entity 'GREATER' named entity 'DIFFERENT' named entity 'DOMAIN' named entity 'UNRELATED' named entity 'RISK' named entity 'EXPECTATIONS' named entity 'DOMAIN' named entity 'BASED' named entity 'EXPECTATIONS' named entity 'EXPERIMENTS' named entity 'BASED' named entity 'CONSISTENT WITH' named entity 'EXPERIMENT' named entity 'THESE' named entity 'STATES' named entity 'BUT' named entity 'VALENCE' named entity 'OUTCOMES' named entity 'EVENTS' named entity 'YIELD' named entity 'HOW' named entity 'DRAW' named entity 'RATHER' named entity 'AFFECT' named entity 'OPTIMISTIC' named entity 'STARTING' named entity 'EFFECT' named entity 'FUTURE' named entity 'PRIOR' named entity 'ENDING' named entity 'FUTURE' named entity 'INFLUENCE' named entity 'ACROSS' named entity 'expectations' named entity 'prior' named entity 'domain' named entity 'influence' named entity 'impact' named entity 'probability' named entity 'dependent variable' named entity 'risk-free' named entity 'prospect theory' named entity 'decision-makers' named entity 'Public policy' named entity 'lotteries' named entity 'Mannix' named entity 'probability' named entity 'Loss aversion' named entity 'prospect theory' named entity 'ANOVA' named entity 'positive relationship' named entity 'prospect theory' named entity 'affective state' named entity 'lotteries' named entity 'ANOVA' named entity 'rare disease' named entity 'Tversky' named entity 'risk preferences' named entity 'NCAA basketball tournament' named entity 'decision maker' named entity 'lotteries' named entity 'reduce risk' named entity 'lotteries' named entity 'decision-making' named entity 'risk-averse' named entity 'heuristic' named entity 'valenced' named entity 'making predictions'

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