Longer decision time leads to riskier choices, defying loss aversion theory.
The experiment investigated whether people make different decisions when considering one option at a time versus multiple options. The results showed that when evaluating options over a longer period, individuals tend to take more risks if they prefer the risky choice. This suggests that the behavior observed cannot be solely explained by a fear of losing, but also by random choice. This crossover pattern of risk-taking behavior challenges the idea that loss aversion is the only factor influencing decision-making in these situations.