Simplicity and Probability Weighting in Choice under Risk
<jats:p> We present a speculative application of model estimates from Fudenberg and Puri (2021) to prize-linked savings in South Africa. The models used include one combining simplicity theory (Puri 2018, 2022), a preference for lotteries with fewer possible outcomes, with cumulative prospect...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
American Economic Association,
2022-08-26T18:43:15Z.
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| Subjects: | |
| Online Access: | Get fulltext |