The weight of experience : an investigation of probability weighting under decisions from experience

In decisions from experience tasks objective information regarding payoffs and probabilities must be inferred from samples of possible outcomes. A series of recent experiments has revealed that people show deviating choice behaviour in such tasks, indicating underweighting of small probabilities ins...

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Bibliographic Details
Main Author: Ungemach, Christoph
Published: University of Warwick 2008
Subjects:
Online Access:http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.491897