The relationship between riskiness and confidence in choice dilemma decisions

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Abstract

The relationship between riskiness of decisions and confidence in decisions was examined using Choice Dilemma items. Graphs show a clear curvilinear relationship between riskiness and confidence; on both risky items and cautious items greater confidence is associate with extremely risky and extremely cautious decisions than with moderate ones. it was also demonstrated that individual subjects have more confidence in their extreme decisions than in their moderate ones.

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