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Better safe than sorry: Precautionary reasoning and implied dominance in risky decisions

Publication ,  Journal Article
Dekay, ML; Patiño-Echeverri, D; Fischbeck, PS
Published in: Journal of Behavioral Decision Making
January 1, 2009

In four studies, student and nonstudent participants evaluated the possible outcomes of binary decisions involving health, safety, and environmental risks (e.g., whether to issue a dam-failure evacuation order). Many participants indicated that false positives (e.g., evacuation, but no dam failure) were better than true negatives (e.g., no evacuation and no dam failure), thereby implying that the more protective action dominated the less protective action. A common rationale for this response pattern was the precautionary maxim "better safe than sorry." Participants apparently evaluated outcomes partly on the basis of the decisions that might lead to them, in conflict with consequentialist decision models. Consistent with this explanation, the prevalence of implied dominance decreased substantially when the emphasis on decisions was reduced. These results demonstrate that an initial preference for a decision alternative can alter the evaluation of possible consequences of both the preferred alternative and a competing alternative, suggesting positive feedback loops that reinforce the initial preference. The rationality of considering the decision itself as an attribute of possible outcomes is discussed. © 2009 John Wiley & Sons, Ltd.

Duke Scholars

Published In

Journal of Behavioral Decision Making

DOI

EISSN

1099-0771

ISSN

0894-3257

Publication Date

January 1, 2009

Volume

22

Issue

3

Start / End Page

338 / 361

Related Subject Headings

  • Social Psychology
  • 5204 Cognitive and computational psychology
  • 3507 Strategy, management and organisational behaviour
  • 3506 Marketing
 

Citation

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Dekay, M. L., Patiño-Echeverri, D., & Fischbeck, P. S. (2009). Better safe than sorry: Precautionary reasoning and implied dominance in risky decisions. Journal of Behavioral Decision Making, 22(3), 338–361. https://doi.org/10.1002/bdm.630
Dekay, M. L., D. Patiño-Echeverri, and P. S. Fischbeck. “Better safe than sorry: Precautionary reasoning and implied dominance in risky decisions.” Journal of Behavioral Decision Making 22, no. 3 (January 1, 2009): 338–61. https://doi.org/10.1002/bdm.630.
Dekay ML, Patiño-Echeverri D, Fischbeck PS. Better safe than sorry: Precautionary reasoning and implied dominance in risky decisions. Journal of Behavioral Decision Making. 2009 Jan 1;22(3):338–61.
Dekay, M. L., et al. “Better safe than sorry: Precautionary reasoning and implied dominance in risky decisions.” Journal of Behavioral Decision Making, vol. 22, no. 3, Jan. 2009, pp. 338–61. Scopus, doi:10.1002/bdm.630.
Dekay ML, Patiño-Echeverri D, Fischbeck PS. Better safe than sorry: Precautionary reasoning and implied dominance in risky decisions. Journal of Behavioral Decision Making. 2009 Jan 1;22(3):338–361.
Journal cover image

Published In

Journal of Behavioral Decision Making

DOI

EISSN

1099-0771

ISSN

0894-3257

Publication Date

January 1, 2009

Volume

22

Issue

3

Start / End Page

338 / 361

Related Subject Headings

  • Social Psychology
  • 5204 Cognitive and computational psychology
  • 3507 Strategy, management and organisational behaviour
  • 3506 Marketing