Bias in Spatial Risk Assessment
Himanshu Mishra, Arul Mishra, Oscar Moreno
Management Science · 2015 · Volume 61 · Issue 4
Abstract
In instances of decision making under uncertainty with a visual component, we propose that individuals show a bias and estimate a higher probability of a threat affecting them if the threat is located in their left visual field compared to their right visual field. Across four studies we demonstrate the bias in naturalistic settings such as pedestrians assessing the risk of crossing the street, individuals estimating the risk posed from an unsavory person, and people assessing the contamination risk of an object. Moreover, we discuss four potential mechanisms that could cause the proposed effect. Finally, we discuss theoretical, managerial, and policy implications. This paper was accepted by Yuval Rottenstreich, judgment and decision making .
Keywords
spatial risk, risk assessment, bias, intuitive processing
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