result from judgments based on imprecise (and noisy) mental representations of the decision situation. In this model, risk … aversion results from a sort of perceptual bias--but one that represents an optimal decision rule, given the limitations of the … lotteries, based on other evidence regarding numerical cognition, and test its ability to explain the choice frequencies that we …

result from judgments based on imprecise (and noisy) mental representations of the decision situation. In this model, risk … aversion results from a sort of perceptual bias—but one that represents an optimal decision rule, given the limitations of the … lotteries, based on other evidence regarding numerical cognition, and test its ability to explain the choice frequencies that we …