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Individuals tend to underprepare for rare, catastrophic events because of biases in risk perception. A simple form of broad bracketing--presenting the cumulative probability of loss over a longer time horizon--has the potential to alleviate these barriers to risk perception and increase...
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Individuals tend to underprepare for rare, catastrophic events because of biases in risk perception. A simple form of broad bracketing — presenting the cumulative probability of loss over a longer time horizon — has the potential to alleviate these barriers to risk perception and increase...
Persistent link: https://www.econbiz.de/10014101725
Individuals tend to underprepare for rare, catastrophic events because of biases in risk perception. A simple form of broad bracketing—presenting the cumulative probability of loss over a longer time horizon—has the potential to alleviate these barriers to risk perception and increase...
Persistent link: https://www.econbiz.de/10013299955