Article Instance

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{
    "pk": 28052,
    "title": "Learning Variability from Experience",
    "subtitle": null,
    "abstract": "Leading theories of risky choice predict that decision makersare sensitive to the variability of payoff distributions. Yet, lit-tle is known about how experience affects perceived variabil-ity. Existing empirical research on risky choice provides onlyinconclusive evidence about this issue because choices are notonly affected by perceived variability but also perceived valueand (unobserved) risk preferences. In re-analyses of experi-mental data and survey data from two nationally representativepanels, we show that perceived variability strongly depends onsample variability. In a new experiment, we also demonstratethat perceived variability systematically depends on samplesize, a result consistent with the predictions of a recent the-oretical paper by the authors (Konovalova & Le Mens, 2017).",
    "language": "eng",
    "license": {
        "name": "",
        "short_name": "",
        "text": null,
        "url": ""
    },
    "keywords": [
        {
            "word": "Experience"
        },
        {
            "word": "learning"
        },
        {
            "word": "Risky Choice"
        },
        {
            "word": "Sampling"
        },
        {
            "word": "variability"
        }
    ],
    "section": "Publication-based-Talks",
    "is_remote": true,
    "remote_url": "https://escholarship.org/uc/item/7nj606x3",
    "frozenauthors": [
        {
            "first_name": "Elizaveta",
            "middle_name": "",
            "last_name": "Konovalova",
            "name_suffix": "",
            "institution": "Max Planck Institute for Human Development",
            "department": ""
        },
        {
            "first_name": "Gael",
            "middle_name": "",
            "last_name": "Le Mens",
            "name_suffix": "",
            "institution": "Universitat Pompeu Fabra",
            "department": ""
        }
    ],
    "date_submitted": null,
    "date_accepted": null,
    "date_published": "2018-01-01T18:00:00Z",
    "render_galley": null,
    "galleys": [
        {
            "label": "PDF",
            "type": "pdf",
            "path": "https://journalpub.escholarship.org/cognitivesciencesociety/article/28052/galley/17691/download/"
        }
    ]
}