Oprea, Ryan

Decisions under Risk Are Decisions under Complexity - American Economic Review 2024 - 3789-3811

We provide evidence that classic lottery anomalies like probability weighting and loss aversion are not special phenomena of risk. They also arise (and often with equal strength) when subjects evaluate deterministic, positive monetary payments that have b

0002-8282


Criteria for Decision-Making under Risk
Laboratory
Micro-Based Behavioral Economics
Cognitive Factors on Decision Making