Intuition is a fast expanding topic in today's economic and psychological literature. However, no... more Intuition is a fast expanding topic in today's economic and psychological literature. However, no consensus has been reached concerning its value in decision making. To investigate the relevance of intuitive choices in decision-making under risk, we conducted an experiment on 154 French high-school students from 3 different academies in the Ile-de-France department. Using response time as a proxy for intuition, we found that on average decisions made intuitively yielded results as beneficial as or even more so than decisions made analytically for most of the choices.
Intuition is a fast expanding topic in today's economic and psychological literature. However, no... more Intuition is a fast expanding topic in today's economic and psychological literature. However, no consensus has been reached concerning its value in decision making. To investigate the relevance of intuitive choices in decision-making under risk, we conducted an experiment on 154 French high-school students from 3 different academies in the Ile-de-France department. Using response time as a proxy for intuition, we found that on average decisions made intuitively yielded results as beneficial as or even more so than decisions made analytically for most of the choices.
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