The loss‐bet paradox: Actuaries, accountants, and other numerate people rate numerically inferior gambles as superior
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DOI: 10.1002/bdm.2085
Abstract: Abstract Psychologists have convincingly demonstrated that preferences are not always stable and, instead, are often “constructed” based on information available in the judgment or decision context. In 4 studies with experts (accountants and actuaries in… read more here.
Keywords: bet; effect; paradox actuaries; bet paradox ... See more keywords