Contestants on Deal or No Deal show decreased risk aversion.
The article explores how people make risky decisions on the TV show Deal or No Deal. It looks at how contestants react to winning or losing money. The results show that contestants take more risks when they are losing compared to when they are winning. This suggests that people have different attitudes towards risk depending on their situation. This could mean that people have different points where they feel they have nothing to lose or have extra money to play with. This study suggests that further research is needed to understand how people make decisions in high-pressure situations like on game shows.