City Research Online - Judgements with errors lead to behavioral heuristics

Judgements with errors lead to behavioral heuristics

Ungureanu, S. (2016). Judgements with errors lead to behavioral heuristics (16/14). London: Department of Economics, City, University of London.

Abstract

A decision process robust to errors in the estimation of values, probabilities and times will employ heuristics that generate consistent apparent biases like loss aversion, nonlinear probability weighting with discontinuities and present bias.

Publication Type:	Monograph (Working Paper)
Additional Information:	© 2016 The Author.
Publisher Keywords:	heuristics, endowment effect, prospect theory, probability weighting function, loss aversion, hyperbolic discounting.
Subjects:	H Social Sciences > HB Economic Theory
Departments:	School of Policy & Global Affairs > Economics > Discussion Paper Series

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Creators:	Ungureanu, S.
Status:	Unpublished
Publisher:	Department of Economics, City, University of London
URI:	https://openaccess.city.ac.uk/id/eprint/16741
Date available in CRO:	10 Mar 2017 13:38
Date deposited:	10 March 2017
Dates:	Date Event 30 November 2016 Published