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Second best choices and change in risk‐taking
Author(s) -
DAHLBÄCK OLOF
Publication year - 1992
Publication title -
scandinavian journal of psychology
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.743
H-Index - 72
eISSN - 1467-9450
pISSN - 0036-5564
DOI - 10.1111/j.1467-9450.1992.tb00921.x
Subject(s) - psychology , dilemma , best practice , social psychology , cognitive psychology , economics , epistemology , philosophy , management
Subjects were to reveal their best as well as their second best choices in so‐called choice‐dilemma problems. It was found that the second best choices consistently tended to be more risk‐filled than the best choices. Implications of this finding are discussed.