Sam Levy
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levysam.bsky.social
Sam Levy
@levysam.bsky.social
Assistant Prof of Marketing at UVA Darden.
levysamuel.com
Reposted by Sam Levy
Calculation appears to be very costly for humans.

…now about that Bayesian update…

www.aeaweb.org/articles?id=...
Decisions under Risk Are Decisions under Complexity
(December 2024) - We provide evidence that classic lottery anomalies like probability weighting and loss aversion are not special phenomena of risk. They also arise (and often with equal strength) whe...
www.aeaweb.org
November 28, 2024 at 2:09 AM