Schurr, Amos; Rodensky, Dotan; Erev, Ido - In: Journal of Economic Behavior & Organization 106 (2014) C, pp. 1-9
Analyses of the impact of unpleasant experiences reveal two contradictory effects: direct studies of experienced utility reflect overweighting the peak (rare and most extreme) experience, but studies of decisions from experience reflect underweighting of the peak and reliance on the frequent...