Ganderton, Philip; Brookshire, David; McKee, Michael; … - In: Journal of Risk and Uncertainty 20 (2000) 3, pp. 271-289
This paper presents a series of experiments that confront subjects with low probability, high loss situations. A rich parameter set is examined and we find subjects respond to low probability, high loss risks in predictable ways. As loss events become more likely, or loss amounts get larger, or...
