[Jdm-society] Attraction and compromise effect in choice under risk

[Daniel Read]

Hi,  I am almost certain to be displaying unacceptable ignorance, but I
do not know if the attraction/compromise effects have ever been tested
for gambles.  I mean, if there is a choice between (say) a .3 chance of
$50 and a .7 chance of $10, will preferences shift towards the .3/$10
gamble if a .25 chance of $50 is also available?  (And likewise for the
compromise effect).  I have tried the usual electronic methods of
finding out, but I only find applications of the effects to riskless
choice.  
 
daniel read 
 
 
 
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