Too much choice leads to riskier decisions, new study finds
The more choices people have, the riskier the decisions they make, according to a new study which sheds light on how we behave when faced with large amounts of information.
Researchers at the University of Warwick and the University of Lugano set up a gambling game in which they analysed how decision-making is affected when people are faced with a large number of potential gambles.
They found that a bias in the way people gather information leads them to take more risks when they choose a gamble from a large set of options, a phenomenon which researchers have labelled ...