Erev, Ido; Gilat-Yihyie, Sharon; Marchiori, Davide; … - Dipartimento di Management, Università Ca' Foscari Venezia - 2013
Previous research suggests that human reaction to risky opportunities reflects two contradicting biases: Òloss aversion", and Òlimited level of reasoning" that leads to overconfidence. Rejection of attractive gambles is explained by loss aversion, while counterproductive risk seeking is...