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The coexistence of overestimation and underweighting of rare events and the contingent recency effect
16 references·16 citing·29 second hopsampled
The coexistence of overestimation and underweighting of rare events and the contingent recency effect (2009)The coexistence of overestimation and und…On Adaptation, Maximization, and Reinforcement Learning Among Cognitive Strategies. (2005)On Adaptation, Maximization, …The hot hand fallacy and the gambler’s fallacy: Two faces of subjective randomness? (2004)The hot hand fallacy and the …Predicting Risk Sensitivity in Humans and Lower Animals: Risk as Variance or Coefficient of Variation. (2004)Predicting Risk Sensitivity i…Decisions from Experience and the Effect of Rare Events in Risky Choice (2004)Decisions from Experience and…Small feedback‐based decisions and their limited correspondence to description‐based decisions (2003)Small feedback‐based decision…Experience-weighted Attraction Learning in Normal Form Games (1999)Experience-weighted Attractio…Simultaneous over- and underconfidence: The role of error in judgment processes. (1994)Simultaneous over- and underc…Advances in prospect theory: Cumulative representation of uncertainty (1992)Advances in prospect theory: …Preference and belief: Ambiguity and competence in choice under uncertainty (1991)Preference and belief: Ambigu…Prospect theory: An analysis of decision under risk (1988)Prospect theory: An analysis …Prospect Theory: An Analysis of Decision under Risk (1979)Prospect Theory: An Analysis …Judged frequency of lethal events. (1978)Judged frequency of lethal ev…The illusion of control. (1975)The illusion of control.Judgment under Uncertainty: Heuristics and Biases (1975)Judgment under Uncertainty: H…Judgment under Uncertainty: Heuristics and Biases (1974)Judgment under Uncertainty: H…Cognitive consequences of forced compliance. (1959)Cognitive consequences of for…Through the window of my mind: Mapping information integration and the cognitive representations underlying self-reported risk preference. (2021)Through the window of my mind…The influences of described and experienced information on adolescent risky decision making (2017)The influences of described a…Learning in settings with partial feedback and the wavy recency effect of rare events (2017)Learning in settings with par…10. Learning and the Economics of Small Decisions (2016)10. Learning and the Economic…Noisy retrieval models of over- and undersensitivity to rare events. (2015)Noisy retrieval models of ove…Markdown or Everyday Low Price? The Role of Behavioral Motives (2015)Markdown or Everyday Low Pric…The effect of unpleasant experiences on evaluation and behavior (2014)The effect of unpleasant expe…Sampling experience reverses preferences for ambiguity (2014)Sampling experience reverses …Mind the gap? Description, experience, and the continuum of uncertainty in risky choice (2013)Mind the gap? Description, ex…Exploring the Overestimation of Conjunctive Probabilities (2013)Exploring the Overestimation …Understanding Preferences in Experience-Based Choice (2012)Understanding Preferences in …“Leaving it to chance”—Passive risk taking in everyday life (2012)“Leaving it to chance”—Passiv…The Effect of Foregone Outcomes on Choices From Experience (2011)The Effect of Foregone Outcom…Extreme events and entropy: A multiple quantile utility model (2011)Extreme events and entropy: A…Description- and experience-based choice: Does equivalent information equal equivalent choice? (2010)Description- and experience-b…The role of representation in experience-based choice (2009)The role of representation in…Subjective probability: A judgment of representativeness (1972)Availability: A heuristic for judging frequency and probability (1973)On the psychology of prediction. (1973)The Framing of Decisions and the Psychology of Choice (1981)Craps and Magic (1967)Illusion and well-being: A social psychological perspective on mental health. (1988)Efficacy of the Theory of Planned Behaviour: A meta‐analytic review (2001)Trust and TAM in Online Shopping: An Integrated Model1 (2003)Risk, Ambiguity, and the Savage Axioms (1961)Individual differences in reasoning: Implications for the rationality debate? (2000)Heuristics and Biases: The Psychology of Intuitive Judgment (2004)Self-perception: An alternative interpretation of cognitive dissonance phenomena. (1967)Impression management: A literature review and two-component model. (1990)The role of stereotyping in system‐justification and the production of false consciousness (1994)A Theory of Cognitive Dissonance (2017)Risk, Uncertainty and Profit (1921)Facts and Fears: Understanding Perceived Risk (1980)Unrealistic optimism about susceptibility to health problems (1982)Answering Autobiographical Questions: The Impact of Memory and Inference on Surveys (1987)Experience-Based and Description-Based Perceptions of Long-Term Risk: Why Global Warming does not Scare us (Yet) (2006)Risk and Rationality in Adolescent Decision Making (2006)The trouble with overconfidence. (2008)Theory of games and economic behavior (2019)Loss Aversion in Riskless Choice: A Reference-Dependent Model (1991)A perspective on judgment and choice: Mapping bounded rationality. 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References

  • 1979Prospect Theory: An Analysis of Decision under Risk48,459 cited
  • 1988Prospect theory: An analysis of decision under risk32,475 cited
  • 1974Judgment under Uncertainty: Heuristics and Biases28,742 cited
  • 1975Judgment under Uncertainty: Heuristics and Biases22,647 cited
  • 1992Advances in prospect theory: Cumulative representation of uncertainty15,457 cited
  • 1975The illusion of control.3,843 cited
  • 1959Cognitive consequences of forced compliance.2,944 cited
  • 1991Preference and belief: Ambiguity and competence in choice under uncertainty1,705 cited
  • 2004Decisions from Experience and the Effect of Rare Events in Risky Choice1,657 cited
  • 1978Judged frequency of lethal events.1,550 cited
  • 1999Experience-weighted Attraction Learning in Normal Form Games1,487 cited
  • 2003Small feedback‐based decisions and their limited correspondence to description‐based decisions736 cited
  • 2004Predicting Risk Sensitivity in Humans and Lower Animals: Risk as Variance or Coefficient of Variation.724 cited
  • 1994Simultaneous over- and underconfidence: The role of error in judgment processes.644 cited
  • 2005On Adaptation, Maximization, and Reinforcement Learning Among Cognitive Strategies.

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475 cited
  • 2004The hot hand fallacy and the gambler’s fallacy: Two faces of subjective randomness?471 cited
  • Cited by

    • 201610. Learning and the Economics of Small Decisions147 cited
    • 2015Markdown or Everyday Low Price? The Role of Behavioral Motives134 cited
    • 2010Description- and experience-based choice: Does equivalent information equal equivalent choice?60 cited
    • 2012“Leaving it to chance”—Passive risk taking in everyday life55 cited
    • 2013Mind the gap? Description, experience, and the continuum of uncertainty in risky choice50 cited
    • 2014Sampling experience reverses preferences for ambiguity43 cited
    • 2017Learning in settings with partial feedback and the wavy recency effect of rare events42 cited
    • 2009The role of representation in experience-based choice41 cited
    • 2017The influences of described and experienced information on adolescent risky decision making40 cited
    • 2012Understanding Preferences in Experience-Based Choice39 cited
    • 2015Noisy retrieval models of over- and undersensitivity to rare events.37 cited
    • 2013Exploring the Overestimation of Conjunctive Probabilities34 cited
    • 2021Through the window of my mind: Mapping information integration and the cognitive representations underlying self-reported risk preference.28 cited
    • 2011Extreme events and entropy: A multiple quantile utility model28 cited
    • 2014The effect of unpleasant experiences on evaluation and behavior27 cited
    • 2011The Effect of Foregone Outcomes on Choices From Experience22 cited