Please wait a minute...
   2011, Vol. 19 Issue (12) : 1814-1821     DOI:
研究前沿 |
Decisions from Experience: Concept, Researches and Prospect
HUANG Zhi-Hua;YAN Gong-Gu;WANG Tian-Le
(School of Psychology, Beijing Normal University, Beijing 100875, China)
(Beijing Key Laboratory of Applied Experimental Psychology, Beijing Normal University, Beijing, 100875, China)
Download: PDF(235 KB)  
Export: BibTeX | EndNote | Reference Manager | ProCite | RefWorks    
Abstract  In traditional paradigm of decision making research, participants make judgments or choice after playoffs and probabilities of each alternative are given. Previous studies indicated that people tend to overweight small probability when they face the problems with low probability in uncertain situation. However, this overweighting small probability phenomenon was challenged by a series of findings published recently using a new paradigm, called decisions from experience. In this paper two kinds of decisions, decisions from experience and decision from description, were introduced and differentiated from concept to methodology. D-E gap, a phenomenon showed people tend to underweight low probability event in decision-making experiments, and its different theoretical explanations were comprehensively reviewed. Finally, the implications of the study of decisions from experiences in the fields of learning and memory, human developmental, decision and judgment were discussed.
Keywords decisions from description      prospect theory      decisions from experience      D-E gap     
Corresponding Authors: YAN Gong-Gu   
Issue Date: 15 December 2011
E-mail this article
E-mail Alert
Articles by authors
YAN Gong-Gu
WANG Tian-Le
Cite this article:   
HUANG Zhi-Hua,YAN Gong-Gu,WANG Tian-Le. Decisions from Experience: Concept, Researches and Prospect[J]. , 2011, 19(12): 1814-1821.
URL:     OR
[1] XU Fuming; SHI Yanwei; LI Ou; ZHANG Hui; LI Yan. Mechanisms and measures of the public’ sense of income unfairness: Dual viewpoint of reference dependence and loss aversion[J]. Advances in Psychological Science, 2016, 24(5): 665-675.
[2] DENG Ying; XU Fu-Ming; LI Ou; SHI Yan-Wei; LIU Cheng-Hao. The framing effect on social preferences[J]. Advances in Psychological Science, 2016, 24(4): 622-632.
[3] LIU Yang;SUN Yan. New Avenues for Framing Effect Research in Decision-making: From Risky to Intertemporal and from Verbal to Graph Framing[J]. Advances in Psychological Science, 2014, 22(8): 1205-1217.
[4] SHI Yanwei;XU Fuming;LI Yan;LIU Chenghao;LI Bin. The Framing Effect in the Public Decision-making : Theoretical Explanation and Influential Factors[J]. Advances in Psychological Science, 2014, 22(8): 1303-1311.
[5] XIE Xiaofei;LU Jingyi. Double Reference Points in Risky Decision Making[J]. Advances in Psychological Science, 2014, 22(4): 571-579.
[6] X. T. WANG;WANG Peng. Tri-Reference Point Theory of Decision Making: From Principles to Applications[J]. Advances in Psychological Science, 2013, 21(8): 1331-1346.
[7] LI Haijun;XU Fuming;XIANG Peng;KONG Shixiao;MENG Zhenzhen. Reference Dependence Based on Prospect Theory[J]. Advances in Psychological Science, 2013, 21(2): 317-325.
[8] Weng Xuedong. The Progress of Investing Psychology Theories of America[J]. , 2003, 11(03): 262-266.
[9] Zhang Ling. How the Psychological Variable Affected the Judgment of Value in Risky Decision-making?——Discussing about Kahneman’s Contributions[J]. , 2003, 11(03): 274-280.
[10] Chang Xin,Yin HongHai. Daniel Kahneman and Behavioral Economics[J]. , 2003, 11(03): 256-261.
[11] Zhou Guomei,Jing Qicheng. Psychologist Daniel Kahneman Wins 2002 Nobel Prize in Economics[J]. , 2003, 11(01): 1-5.
Full text



Copyright © Advances in Psychological Science
Support by Beijing Magtech