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Examples
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This is a prime example of what psychologists call a pseudocertainty effect.
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T&K's explanation: Hypothetical #1 looks better due to a "pseudocertainty effect."
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Now you could object, It's not about a pseudocertainty effect.
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Basically, the pseudocertainty effect causes people to gamble more to avoid a loss than perhaps they should.
Nashuatelegraph.com local, state, business and sports news 2009
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It means that the next time we face an important decision, whether in business or in our personal lives, we may want to consider the pseudocertainty bias.
Nashuatelegraph.com local, state, business and sports news 2009
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The pseudocertainty effect is a tendency people have to make conservative choices if the expected outcome is positive, and to take on too much risk when the expected outcome is negative.
Nashuatelegraph.com local, state, business and sports news 2009
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"pseudocertainty effect" played a role in Belichick's thinking at the time.
Nashuatelegraph.com local, state, business and sports news 2009
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