Decision-making from experience was proposed relative to decision-making from description.It exists in series of people’s daily behaviors,like investment,gambling,and consumption.Decision-making from experience means decision-maker’s understanding and analysis of decision objects and the choice of decision-making schemes.The decision-making is based entirely on the experience accumulated by the decision-maker in past behaviors and the inertia thinking mode of solving problems.Because people showed different behavioral patterns in decision-making from description,what caused it had become one of the research hot topics in recent years.Some researchers suggested that extreme values of risk options might be the cause of abnormal results in decision-making from experience.In this paper,we were trying to explore whether individuals are still affected by extreme values(eg,among 0,20,-20,+40 and-40,the extreme values are +40 and-40)in decision-making from experience which in unusual context.This paper assumed that extreme values of risk decision-making in full feedback paradigm will affect individual decision-making from experience.This paper tested these hypothesis with three studies.In Study 1,we used a modified full feedback paradigm,which included two situations-loss and gain.In each situation,both the fixed options with same expected feedback results and the risk options with different feedback results were available for participants to choose(eg,20 vs.0/40).In results,we found that individuals were more inclined to risk seeking in the situation of gain.In Study 2,before further exploring whether decision-making from experience was affected by extreme values,the "0" value was canceled(eg,the risk option’s feedback of the gain context in Study 1 is changed from 0/40 to 5/45)in the feedback results because of it own particularity.The results of Study 2 are basically consistent with the results of Study 1.In third study,on the basis of retaining the existing conditions of study 1,another set of magnitude larger feedback results were added as the extreme group(40 vs.0/80,-40 vs 0 /-80),participants will choose in each situation of each group.It was found that only in the extreme group,participants were moreinclined to risk seeking in the context of gain;while in the same group as study 1,there was no significant difference in risk seeking in the context of gains and losses.In summary,this study shows that empirical decision-making is affected by the extreme values of risk options,but not by non-extreme values,and this result may not be constrained by paradigms. |