The association between experience‐based risky choice and mathematical ability. Issue 1 (12th October 2022)

• Record Type: Journal Article
• Authors: Sheng, Youyu; Yu, Mingxin; Liu, Pengfei; Wang, Xiaozhuang; Bai, Xuejun; Zhou, Xinlin
• Is Part Of: PsyCh Journal. Volume 12:Issue 1(2023)
• Page Start: 137
• Page End: 149
• Publication Date: 2022-10-12
• Subjects: description‐based risky choice -- experience‐based risky choice -- mathematical ability -- risky choice; Psychology -- Periodicals; 150
• DOI: 10.1002/pchj.612
• Languages: English
• ISSNs: 2046-0252

Abstract

Abstract: Mathematical ability has always been considered an important influencing factor in description‐based risky choices. Experience‐based risky choices, which occur frequently in daily life, are very different from description‐based risky choices. The association between experience‐based risky choice and mathematical ability remains unknown. This study adopts the feedback paradigm for experience‐based risky choice to explore the association between multiple mathematical abilities and experience‐based risky choice. The results show that, in experience‐based risky choice, mathematical ability did not influence the decision to pursue higher expected value, but it did influence preference for risky. Thus, our study contributes to a more comprehensive view of mathematical ability and risky choice.