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Modeling Risk perception Across ten Domains
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Topic

Risk behavior

Risk perception influences people’s decisions in everyday life

Setup

MPI

Part of the Max-Planck Institute’s Project Modeling the Decision Making Mind

Design

R

Realized in R-Statistics, JavaScript, and Qualtrics

Modeling Risk perception Across ten Domains

Finding the drivers of health risk and other real-life risk perceptions

Human behavioral risk-seeking tendencies differ across areas of life: health risks of medical procedures are perceived differently from economic risks of stock investments and again from social risks when initiating a divorce. How can such behavioral differences be reliably produced by the cognitive system? We answered this question using a large sample of text sources and machine-learning and statistical analyses.

You can read the scientific paper in HumEvoBeh.