Decision-Making under Risk of Loss in Children
Figure 5
Probability weighting function a. for γ = 0.6 (Kahneman and Tversky).
The inflexion point is close to a probability of 0.35; individuals perceive low probabilities under 0.35 higher than their actual value and high probabilities over 0.35 lower than their actual value. b. for children aged over 5 years (0.32<γ<1). For γ = 0.33, the inflexion point is close to a probability of 0.15; individuals perceive low probabilities under 0.15 higher than their actual value and high probabilities over 0.15 lower than their actual value.