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- W2281025992 abstract "When the payoff function is convex, diversification can be the wrong strategy for dealing with risky choices. We constructed two experimental settings in which it is stochastically dominant not to diversify. Nevertheless, subjects inappropriately preferred the diversification strategy. A de-biasing treatment suggests that this diversification fallacy may be interpreted as the outcome of the analogical transfer of decision heuristics learned in more usual domains." @default.
- W2281025992 created "2016-06-24" @default.
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- W2281025992 date "2006-01-01" @default.
- W2281025992 modified "2023-09-27" @default.
- W2281025992 title "Analogical transfer of experience and the misuse of diversification" @default.
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