thereby distort optimal search. In addition, urgency may alter decision-making processes and thereby the salience of regret … systematic adjustments in search length. Urgency reduces decision times and perceived decision quality, but does not generally … alter search length. Only very inexperienced decision-makers buy earlier when pressured. Thus, consumer protection measures …

thereby distort optimal search. In addition, urgency may alter decision-making processes and thereby the salience of regret … decision times and perceived decision quality but does not alter search length. Only very inexperienced decision-makers buy …

are information seeking otherwise. Because belief updating depends on the decision problem in which new information is …

to call for an exploration of more refined utility models that incorporate heterogeneous risk preferences through … elements such as risk aversion, loss aversion, and ambiguity aversion. To address this call, this manuscript assesses each of … these risk preference elements by empirically deriving WTP distributions from two interlinked studies. To provide …

With a novel experimental design we investigate whether risk perception, return expectations, and investment propensity … strongly affects people's risk perception, as a narrower scale of the vertical axis leads to significantly higher perceived …

decision-making under risk, little is known about how risks are actually perceived by financial professionals, the key players … of financial risk. Strikingly, variance does not influence risk perception, even though return volatility is the most …Risk is an integral part of many economic decisions, and is vitally important in finance. Despite extensive research on …