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-consequence events. The specific features of this situation under risk and uncertainty imply an anomaly: while the single probability of … effective policies and risk management strategies ... ; eng …
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have a larger impact on consistency, the chosen risk level is determined more by framing effects. On the level of personal … particular, reducing the emphasis on downside risk and upside potential simultaneously leads to a substantial increase in risk …
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outcomes experienced during the game. Risk aversion decreases after earlier expectations have been shattered by unfavorable …
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affected people’s prospect-theory risk preferences, especially in the loss domain. The panel analysis indicates that with the …
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