In many important real-world decision domains, such as finance, the environment, and health, behavior is strongly influenced by experience. Renewed interest in studying this …
Do people's attitudes toward the (a) symmetry of an outcome distribution affect their choices? Financial investors seek return distributions with frequent small returns but few …
Analyses of human reaction to economic incentives reveal contradictory deviations from maximization. For example, underinvestment in the stock market suggests risk aversion, but …
MS Spektor, DU Wulff - Judgment and Decision Making, 2021 - cambridge.org
Governments use taxes to discourage undesired behaviors and encourage desired ones. One target of such interventions is reckless behavior, such as texting while driving, which in …
Experience is the best teacher. Yet, in the context of repeated decisions, experience was found to trigger deviations from maximization in the direction of underweighting of rare …
Y Roth, O Yakobi - Journal of Behavioral Decision Making, 2024 - Wiley Online Library
There is ongoing debate over the usefulness of and need for attention checks in online experiments. This paper investigates the value of these tests in decisions‐from‐experience …
K Trutmann, S Heinke, C Rudin - Journal of Behavioral Finance, 2023 - Taylor & Francis
We study how the degree of personal responsibility in prior investment decisions affects the likelihood of changing an investment after experiencing a gain or loss. To this end we …
Y Roth - Journal of Behavioral Decision Making, 2020 - Wiley Online Library
Given the rapid proliferation of smartphone applications and data aggregation websites, in many situations people can use decision aids to guide their choices. For example, they may …
Y Roth, O Yakobi - Handbook of Experimental Finance, 2022 - elgaronline.com
The behavioral finance literature highlights two apparently contradictory behaviors, both of which presumably lead to impaired returns for investors–under-and overreaction to …