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Consumer Choices Under Small Probabilities: Overweighting or Underweighting?

โœ Scribed by Rong Chen; Jianmin Jia


Book ID
106454745
Publisher
Springer US
Year
2005
Tongue
English
Weight
175 KB
Volume
16
Category
Article
ISSN
0923-0645

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## Abstract The effects of options framing can be theoretically explained by loss aversion principles as well as by potential alternative explanations (e.g., sensitivity to price differentials). This paper examines the interaction effects between __option framing__ and two types of cognitive constr