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SALIENCE THEORY OF CHOICE UNDER RISK

SALIENCE THEORY OF CHOICE UNDER RISK

https://devfeature-collection.sl.nsw.gov.au/record/TN_cdi_proquest_miscellaneous_1221845640

SALIENCE THEORY OF CHOICE UNDER RISK

About this item

Full title

SALIENCE THEORY OF CHOICE UNDER RISK

Publisher

Oxford: Oxford University Press

Journal title

The Quarterly journal of economics, 2012-08, Vol.127 (3), p.1243-1285

Language

English

Formats

Publication information

Publisher

Oxford: Oxford University Press

More information

Scope and Contents

Contents

We present a theory of choice among lotteries in which the decision maker's attention is drawn to (precisely defined) salient payoffs. This leads the decision maker to a context-dependent representation of lotteries in which true probabilities are replaced by decision weights distorted in favor of salient payoffs. By specifying decision weights as...

Alternative Titles

Full title

SALIENCE THEORY OF CHOICE UNDER RISK

Authors, Artists and Contributors

Identifiers

Primary Identifiers

Record Identifier

TN_cdi_proquest_miscellaneous_1221845640

Permalink

https://devfeature-collection.sl.nsw.gov.au/record/TN_cdi_proquest_miscellaneous_1221845640

Other Identifiers

ISSN

0033-5533

E-ISSN

1531-4650

DOI

10.1093/qje/qjs018

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