Change irrational payoff psychology
Our psychological bias is to avoid risks unless there's an irrationally high payoff—eg we tend to only bet $50 on a coin flip if the payoff is about 2.5 times that, even though it would be economically rational to bet with any payoff over $50.
PAGE NAVIGATOR(Help)
-
Anthropogenic Climate Change »Anthropogenic Climate Change
Responding to climate change? »Responding to climate change?
Immediate action required »Immediate action required
Who should do what? »Who should do what?
Global community response to climate change? »Global community response to climate change?
Improve decision making ability in complex/uncertain cases »Improve decision making ability in complex/uncertain cases
Change irrational payoff psychology
+Commentaar (0)
+Citaten (0)
+About