can be understood as a state of ignorance of the decision maker, as a variance of possible outcomes, as a danger of … negative deviation or as a danger of wrong decision. The perception of risk can be divided to "Risk capacity" - ability to take …

improve financial decision-making, we conduct an investment experiment. We implement a 2 × 2 factorial design to test the … portfolios) on decision-making quality. Overall, our results suggest a differential effect of presentation format and choice … architecture: Firstly, we find that the graphical presentation format lowers decision-making quality when the environment is more …

herding. The model’s original version suffers from the problem of N-dependence: its ability to replicate the statistical … agents. -- herding ; financial markets ; networks ; N-dependence ; systemic risk …