Information asymmetry in decision from description versus decision from experience
In this paper we investigate the claim that decisions from extit{experience} (in which the features of lotteries are learned through a sampling process) differ from decisions from extit{description} (in which features of lotteries are explicitly described). We find that the experience-description ga...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Cambridge University Press
2009-06-01
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| Series: | Judgment and Decision Making |
| Subjects: | |
| Online Access: | http://journal.sjdm.org/9331/jdm9331.pdf |