The role of information search and its influence on risk preferences

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The role of information search and its influence on risk preferences

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 after exploring the prospects’ properties, they behave as if the...

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Bibliographic Details
Main Author:	Kopsacheilis, Orestis
Format:	Article
Published:	Springer 2017
Subjects:	Decisions from experience; Decisions from description; Risk preferences; Cumulative prospect theory; Uncertainty; Source method; Information search
Online Access:	https://eprints.nottingham.ac.uk/50687/

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