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bias | but one that represents an optimal Bayesian decision, given the limitations of the mental representation of the …
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need for a nonlinear utility-of-wealth function, and instead results from a sort of perceptual bias -- but one that …
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exposure. Therefore, the aim of this paper is to analyze the cyber risk perception of German SMEs and investigate the influence … an optimistic bias with respect to risk estimates. Additionally, perceived cyber risk also varies significantly depending … capabilities, indicating the presence of the availability heuristic and the overconfidence bias in cyber risk perceptions. …
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Individual perceptions of income distribution play a vital role in political economy and public finance models, yet there is little evidence regarding their origins or accuracy. This study examines how individuals form these perceptions and posits that systematic biases arise from the...
Persistent link: https://www.econbiz.de/10013126366
inequality. These perceptions might have a social and a geographical bias, i.e. individuals will put a higher weight on others … is influenced by individual perceptions of inequality and that these perceptions involve a considerable social bias …
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