Barron, Greg; Ursino, Giovanni - In: Journal of Economic Psychology 39 (2013) C, pp. 278-286
, while underweighting persists in actual choices, overweighting is observed in judged probabilities. The results of the two … underweighting of rare events. The current paper extends the results of such contributions and further strengthens the evidence on … underweighting. The first experiment shows that the discrepancy persists even when people sample the entire population of outcomes …