Dataset Name: A Dataset of Risky and Ambiguous Decisions Using a Novel Linked Colored Lottery Task Across Two Studies Principal Investigator: David V. Smith Authors: James B. Wyngaarden III*, Yi Yang*, Jeffrey B. Dennison*, David V. Smith
Decision-making under ambiguity has been linked to individual differences of clinical importance; however, analyses related to these concepts often rely on a max-min model which ignores the possible influence of individual beliefs about the underlying choice probabilities. Using a novel Linked Colored Lottery Task in two samples (N=46 in-person, N=287 online), we provide a dataset that enables researchers to explore how individual beliefs about underlying probabilities and preferences for their distributions influence ambiguous decision-making, beyond traditional max-min models.
- N=333
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