The bounded rationality of probability distortion

DOI10.1073/PNAS.1922401117MaRDI QIDQ5073154zbMATH OpenOpenAlexWikidataFDO

Authors Hang Zhang, Xiangjuan Ren, Laurence T. Maloney

Publication date 5 May 2022

Published in Proceedings of the National Academy of Sciences (Search for Journal in Brave)

Copyright license Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International

Full work available at URL https://doi.org/10.1073/pnas.1922401117

Mathematics Subject Classification ID

Applications of statistics to psychology (62P15) Decision theory (91B06) Bayesian problems; characterization of Bayes procedures (62C10)

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Cites work

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• The bounded rationality of probability distortion
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Cited in

(6)

• Distorted probabilities and choice under risk
• Underestimation of probabilities modifications: characterization and economic implications
• A Welfare Criterion For Models With Distorted Beliefs*
• Inference from Streaks in Random Outcomes: Experimental Evidence on Beliefs in Regime Shifting and the Law of Small Numbers
• The bounded rationality of probability distortion
• Monetary policy rules in a non-rational world: a macroeconomic experiment

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