| dc.contributor.author | Fudenberg, Drew | |
| dc.contributor.author | Puri, Indira | |
| dc.date.accessioned | 2022-08-26T18:43:15Z | |
| dc.date.available | 2022-08-26T18:43:15Z | |
| dc.date.issued | 2022-05-01 | |
| dc.identifier.uri | https://hdl.handle.net/1721.1/144474 | |
| dc.description.abstract | <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 theory. The results and those of prior literature indicate that both simplicity and probability weighting have a role to play in understanding behavior in choice under risk. We discuss the properties of these models and their implications for behavior. </jats:p> | en_US |
| dc.language.iso | en | |
| dc.publisher | American Economic Association | en_US |
| dc.relation.isversionof | 10.1257/pandp.20221091 | en_US |
| dc.rights | Article is made available in accordance with the publisher's policy and may be subject to US copyright law. Please refer to the publisher's site for terms of use. | en_US |
| dc.source | American Economic Association | en_US |
| dc.title | Simplicity and Probability Weighting in Choice under Risk | en_US |
| dc.type | Article | en_US |
| dc.identifier.citation | Fudenberg, Drew and Puri, Indira. 2022. "Simplicity and Probability Weighting in Choice under Risk." AEA Papers and Proceedings, 112. | |
| dc.contributor.department | Massachusetts Institute of Technology. Department of Economics | |
| dc.relation.journal | AEA Papers and Proceedings | en_US |
| dc.eprint.version | Final published version | en_US |
| dc.type.uri | http://purl.org/eprint/type/JournalArticle | en_US |
| eprint.status | http://purl.org/eprint/status/PeerReviewed | en_US |
| dc.date.updated | 2022-08-26T18:32:09Z | |
| dspace.orderedauthors | Fudenberg, D; Puri, I | en_US |
| dspace.date.submission | 2022-08-26T18:32:10Z | |
| mit.journal.volume | 112 | en_US |
| mit.license | PUBLISHER_POLICY | |
| mit.metadata.status | Authority Work and Publication Information Needed | en_US |
