Decision-making competence predicts domain-specific risk attitudes

Joshua A Weller, Andrea Ceschi, Caleb Randolph ABSTRACT: Decision-making competence (DMC) reflects individual differences in rational responding across several classic behavioral decision-making tasks. Although it has been associated with real-world risk behavior, less is known about the degree to which DMC contributes to specific components of risk attitudes. Utilizing a psychological risk-return framework, we examined[…]