Do people care about loss probabilities?

HIGHLIGHTS

• who: Stefan Zeisberger from the Institute for Management Research, Radboud University, Nijmegen, Netherlands have published the research work: Do people care about loss probabilities?, in the Journal: (JOURNAL)
• what: In a series of experiments the authors provide evidence that people pay special attention to the probability of losing. Such preferences are not part of the traditional decision theories, such as mean-variance, or even descriptively powerful ones, such as CPT, at least not for the typically elicited preference parameters and functional forms (and as the authors show later on, not even for the more extreme . . .
  

   

  

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