Affective decision making: a theory of optimism bias

DOI10.1016/J.GEB.2011.11.004MaRDI QIDQ417671zbMATH OpenOpenAlexFDO

Authors Anat Bracha, Donald J. Brown

Publication date 14 May 2012

Published in Games and Economic Behavior (Search for Journal in Brave)

Full work available at URL https://cowles.yale.edu/sites/default/files/files/pub/d17/d1759.pdf

zbMATH Keywords

affective expected utilitydemand for insuranceoptimism bias

Mathematics Subject Classification ID

Decision theory (91B06) Noncooperative games (91A10) Utility theory (91B16)

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Cites work

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• scientific article; zbMATH DE number 3365044 (Why is no real title available?)
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• Clustering with Bregman divergences.
• Correlated equilibrium and potential games
• Modeling internal commitment mechanisms and self-control: a neuroeconomics approach to consumption --- saving decisions
• Most convex functions are smooth
• Niveloids
• Potential games
• Preference and belief: ambibiguity and competence in choice under uncertainty
• Prospect Theory: An Analysis of Decision under Risk
• Psychological expected utility theory and anticipatory feelings
• Self-Confidence and Personal Motivation
• Stated Beliefs and Play in Normal-Form Games
• Subjective Probability and Expected Utility without Additivity

Cited in

(9)

• The affect heuristic
• Good decision vs. good results: outcome bias in the evaluation of financial agents
• Aspiration traps
• The role of optimism and pessimism in the dynamics of emotional states
• Action bias and environmental decisions.
• Affective decision making under uncertainty. Risk, ambiguity and black swans
• Testing models of belief bias: an experiment
• Twisting the truth: foundations of wishful thinking
• Team production and esteem: a dual selves model with belief-dependent preferences

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