"Decisions from experience" = sampling error + prospect theory
According to prospect theory, people overweight low probability events and underweight high probability events. Several recent papers (notably, Hertwig, Barron, Weber and Erev, 2004) have argued that although this pattern holds for ``description-based'' decisions, in which people are explicitly prov...
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| Principais autores: | , |
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| Formato: | Artigo |
| Idioma: | Inglês |
| Publicado em: |
Cambridge University Press
2006-11-01
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| Colecção: | Judgment and Decision Making |
| Assuntos: | |
| Acesso em linha: | http://journal.sjdm.org/jdm06144.pdf |
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