-longshot bias. Studies find that on average, bets on longshots lose much more than do bets on favorites. This means that longshots … favorite-longshot bias exists in Germany as well. We provide evidence that there is bias not only for simple win bets, but also … for other types of bets as well, and that the bias is a time- and track-invariant phenomenon. The bias is consistent with …

of biases and heuristics on German SMEs' cyber risk awareness. This is done based on a questionnaire survey among 1 … an optimistic bias with respect to risk estimates. Additionally, perceived cyber risk also varies significantly depending … capabilities, indicating the presence of the availability heuristic and the overconfidence bias in cyber risk perceptions. …