Explanations of the endowment effect: an integrative review

CK Morewedge, CE Giblin - Trends in cognitive sciences, 2015‏ - cell.com
The endowment effect is the tendency for people who own a good to value it more than
people who do not. Its economic impact is consequential. It creates market inefficiencies and …

Moderating loss aversion: Loss aversion has moderators, but reports of its death are greatly exaggerated

K Mrkva, EJ Johnson, S Gächter… - Journal of Consumer …, 2020‏ - Wiley Online Library
Loss aversion, the principle that losses impact decision making more than equivalent gains,
is a fundamental idea in consumer behavior and decision making, though its existence has …

[HTML][HTML] Unconscious thoughts as a spur and halt on good financial decisioning making

W Forbes - International Review of Financial Analysis, 2024‏ - Elsevier
Behavioural finance has, thus far, largely been based on applications of cognitive,
consciously thought, finance, often based on evaluation of stylised games, or “framed” …

Associations and the accumulation of preference.

S Bhatia - Psychological review, 2013‏ - psycnet.apa.org
This paper presents a theory of multi-alternative, multi-attribute preferential choice. It is
assumed that the associations between an attribute and an available alternative impact the …

[کتاب][B] Taming uncertainty

R Hertwig, TJ Pleskac, T Pachur - 2019‏ - books.google.com
An examination of the cognitive tools that the mind uses to grapple with uncertainty in the
real world. How do humans navigate uncertainty, continuously making near-effortless …

Decisions from experience

R Hertwig - The Wiley Blackwell handbook of judgment and …, 2015‏ - Wiley Online Library
In the early twentieth century, the economist Knight drew a conceptual distinction between
risk and uncertainty, a distinction that had enormous impact on economists' and …

How (in) variant are subjective representations of described and experienced risk and rewards?

D Kellen, T Pachur, R Hertwig - Cognition, 2016‏ - Elsevier
Decisions under risk have been shown to differ depending on whether information on
outcomes and probabilities is gleaned from symbolic descriptions or gathered through …

Decisions from experience: From monetary to medical gambles

T Lejarraga, T Pachur, R Frey… - Journal of Behavioral …, 2016‏ - Wiley Online Library
The description–experience gap refers to the robust finding that learning about uncertain
options via description or experience results in systematically different choices. This gap has …

Seeking advice: A sampling approach to advice taking

M Hütter, F Ache - Judgment and Decision Making, 2016‏ - cambridge.org
The present research addresses advice taking from a holistic perspective covering both
advice seeking and weighting. We build on previous theorizing that assumes that …

Nonlinear probability weighting can reflect attentional biases in sequential sampling.

V Zilker, T Pachur - Psychological Review, 2022‏ - psycnet.apa.org
Nonlinear probability weighting allows cumulative prospect theory (CPT) to account for key
phenomena in decision making under risk (eg, certainty effect, fourfold pattern of risk …