Affective decision making: A theory of optimism bias
نویسندگان
چکیده
منابع مشابه
Affective decision making: A theory of optimism bias
Optimism bias is inconsistent with the independence of decision weights and payoffs found in models of choice under risk, such as expected utility theory and prospect theory. Hence, to explain the evidence suggesting that agents are optimistically biased, we propose an alternative model of risky choice, affective decision making, where decision weights—which we label affective or perceived risk...
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ژورنال
عنوان ژورنال: Games and Economic Behavior
سال: 2012
ISSN: 0899-8256
DOI: 10.1016/j.geb.2011.11.004