skewed risks. We show that salience theory of choice under risk can explain this preference for positive skewness, because … unlikely, but outstanding payoffs attract attention. In contrast to alternative models, however, salience theory predicts that … preferences - typically attributed to cumulative prospect theory - are more naturally accommodated by salience theory. …

, 1982; Bell, 1982) and salience theory (Bordalo, Gennaioli, and Shleifer, 2012). While the psychological underpinning of … options are a key determinant of choice behavior. We investigate the overlap between the two theories and show that salience … theory is a special case of regret theory. Moreover, we trace out the relationship be- tween diminishing sensitivity of the …

skewed risks. We show that salience theory of choice under risk can explain this preference for positive skewness, because … unlikely, but outstanding payoffs attract attention. In contrast to alternative models, however, salience theory predicts that … preferences - typically attributed to cumulative prospect theory - are more naturally accommodated by salience theory. …

, 1982; Bell, 1982) and salience theory (Bordalo, Gennaioli, and Shleifer, 2012). While the psychological underpinning of … options are a key determinant of choice behavior. We investigate the overlap between the two theories and show that salience … theory is a special case of regret theory. Moreover, we trace out the relationship between diminishing sensitivity of the …

skewed risks. We show that salience theory of choice under risk can explain this preference for positive skewness, because … unlikely, but outstanding payoffs attract attention. In contrast to alternative models, however, salience theory predicts that … preferences - typically attributed to cumulative prospect theory - are more naturally accommodated by salience theory. …

skewed risks. We show that salience theory of choice under risk can explain this preference for positive skewness, because … unlikely, but outstanding payoffs attract attention. In contrast to alternative models, however, salience theory predicts that … preferences - typically attributed to cumulative prospect theory - are more naturally accommodated by salience theory. …