Cognitive imprecision and small-stakes risk aversion

DOI10.1093/RESTUD/RDAA044MaRDI QIDQ5048669zbMATH OpenOpenAlexFDO

Authors Mel Win Khaw, Ziang Li, Michael Woodford

Publication date 16 November 2022

Published in Review of Economic Studies (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1093/restud/rdaa044

zbMATH Keywords

prospect theoryRabin critiquerandom utilityWeber's law

Mathematics Subject Classification ID

Utility theory (91B16)

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(14)

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• Schooling and small stakes risk aversion: insights from a rural-poor community
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• A brain imaging study of the choice procedure
• Multiple-switching behavior in choice-list elicitation of risk preference
• The bounded rationality of probability distortion
• Cognitive Uncertainty
• Cross-influence of information and risk effects on the IPO market: exploring risk disclosure with a machine learning approach
• Retractions: updating from complex information
• Overinference from weak signals and underinference from strong signals
• An economist and a psychologist form a line: what can imperfect perception of length tell us about stochastic choice?
• Imagining the future: memory, simulation, and beliefs
• Contract structure and risk aversion in longevity risk transfers
• Stochastic choice and the allocation of cognitive effort

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