Capra, C. Monica; Jiang, Bing; Engelmann, Jan; Berns, … - Department of Economics, Emory University - 2012
There are two regularities we have learned from experimental studies of choice under risk. The first is that the majority of people weigh objective probabilities non-linearly. The second regularity, although less commonly acknowledged, is that there is a large amount of heterogeneity in how...