The role of information search and its influence on risk preferences
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DOI: 10.1007/s11238-017-9623-y
Abstract: According to the ‘Description–Experience gap’ (DE gap), when people are provided with the descriptions of risky prospects they make choices as if they overweight the probability of rare events; but when making decisions from experience… read more here.
Keywords: gap; search; information search; decisions experience ... See more keywords