Cubitt, Robin P.; Kopsacheilis, Orestis; Starmer, Chris - 2020
, the nature, causes and implications of the phenomenon for economic theory remain unclear. We present a new experiment … to information differences (sampling bias), to a feature of preferences (ambiguity sensitivity) or to aspects of …'s average and find that, when each factor is considered in isolation, sampling bias stemming from under-represented rare events …