Work

Subjective Probabilities: Psychological Theories and Economic Applications

Year: 2004

Type: article

Abstract: The psychology gap. In their models, economists assume people plan their lives rationally. Psychologists show that people rely on loose rules of thumb to predict the future. In this article, the authors discuss the gap.

DOI: 10.20955/r.86.33-48

Authors: Abbigail J. Chiodo, Massimo Guidolin, Michael T. Owyang, Makoto Shimoji

Institutions: Yokohama National University, Federal Reserve Bank of St. Louis

Language: English

Topic: Decision-Making and Behavioral Economics

Subfield: General Decision Sciences

Field: Decision Sciences

Domain: Social Sciences

Open Access status: gold

OpenAlex ID: W1570611624

FWCI: 0.726

Cites: 83

Cited by: 12

Related to: 10