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Many of our daily decisions involve evaluations between present and future benefits and costs. It is often the case that we have to make judgments and choices, both common and important, the outcomes or consequences of which may occur at some future moment in time. Decisions of this type, in which the realization of outcomes may lie in the imminent or remote future, have been referred to as intertemporal...
An alternative theoretical explanation of integration of prior outcomes in risky decisions is the loss-sensitivity principle stating that a prior outcome is only added to expected losses. An experiment is reported which tested the implication of this principle that there will be less integration with an expected loss when its salience is reduced. A group of 20 undergraduates rated how likely they...
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