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limitations. Uncertainty is generally reduced to a form of risk, quantifiable in some probabilistic format. We challenge both … conceptualizations and connect heuristics and uncertainty in a functional way: When uncertainty does not lend itself to risk calculations … necessary condition for profit. In this article, we argue for complementing the study of decision making under risk using …
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therefore feel the need to search more for information before making a choice. However, we suggest that cognitive tools such as … as a substitute for information search. We argue that in situations where the environment affords this possibility … from two experiments showed that participants sampled considerably less and systematically differently in a mini …
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1. The challenge of understanding choice under risk -- 2. Historical review of research through 1960 -- 3. Measuring … individual risk preferences -- 4. Aggregate-level evidence from the field -- 5. What are risk preferences? -- 6. Risky …
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pt. 1. Motivation for betting and risk taking -- pt. 2. The impact of complexity on decision-making behaviour -- pt. 3 …. Gender differences in decision-making behaviour -- pt. 4. The use of information by decision-makers and deviations from …
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