HIGHLIGHTS
- who: User from the School of Economics and Finance, University of Western Sydney, Building, Room , have published the research: An Experimental Study of Petty Corrupt Behaviour in Small Decision Making Problems, in the Journal: (JOURNAL)
- what: This research discusses small decision making problems and petty corruption as their practical applications with a structured economic experiment. The authors examine that it is caused by subjective underweighting of rare events and its objective probabilities. It follows that calibration of the models asserts that the risk-seeking decision-maker, who subjectively underweights rare outcomes and its objective probabilities . . .
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