Affective decision making: a theory of optimism bias

DOI10.1016/J.GEB.2011.11.004zbMATH Open1279.91054OpenAlexW2004796108MaRDI QIDQ417671FDOQ417671

Donald J. Brown, Anat Bracha

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

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zbMATH Keywords

affective expected utilitydemand for insuranceoptimism bias

Mathematics Subject Classification ID

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

Cites Work

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• Potential games
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• Prospect Theory: An Analysis of Decision under Risk
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• Niveloids
• Correlated equilibrium and potential games
• Self-Confidence and Personal Motivation
• Most convex functions are smooth
• Modeling internal commitment mechanisms and self-control: a neuroeconomics approach to consumption --- saving decisions
• Psychological expected utility theory and anticipatory feelings
• Preference and belief: ambibiguity and competence in choice under uncertainty

Cited In (7)

• The affect heuristic
• 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
• Aspiration Traps
• Team production and esteem: a dual selves model with belief-dependent preferences

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