Affective decision making: A theory of optimism bias

B-Tier
Journal: Games and Economic Behavior
Year: 2012
Volume: 75
Issue: 1
Pages: 67-80

Authors (2)

Bracha, Anat (Hebrew University of Jerusalem) Brown, Donald J. (not in RePEc)

Score contribution per author:

1.005 = (α=2.01 / 2 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

Optimism bias is inconsistent with the independence of decision weights and payoffs found in models of choice under risk and uncertainty, such as expected utility theory, subjective expected utility, and prospect theory. We therefore propose an alternative model of risky and uncertain choice where decision weights—affective or perceived risk—are endogenous.

Technical Details

RePEc Handle
repec:eee:gamebe:v:75:y:2012:i:1:p:67-80
Journal Field
Theory
Author Count
2
Added to Database
2026-01-25