Glossary Terms

The gambling metaphor is the idea that life itself can be conceived of as a gamble. The metaphor has been central to the history of the study of judgment and decision making, and in particular to the study of decisions under riskDecisions can be categorized based on the amount and nature of information available and decision scientists have developed somewhat standard definitions of the terms "risk",... More and uncertainty. A simple dice gambling game played a central role in the […]