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Probabilistic risk beliefs are key drivers of economic and health decisions, but people are not always certain about … measurable separately from the levels of risk beliefs. People with higher levels of imprecision update their beliefs more in …
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behavior under uncertainty. Recent research has questioned the use of Bayes' rule in descriptive models of behavior, presenting …
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expected utility theory, assuming instead weaker axioms that merely imply that they are probabilistically sophisticated. We …
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