Journal of Risk and Uncertainty (@UncertaintyRisk) profile picture

Journal of Risk and Uncertainty

@UncertaintyRisk

Journal of Risk and Uncertainty https://teapawt.org/t.co/ed2YBeUH6z

Joined July 2023
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  • Followers49
New in the Journal of Risk and Uncertainty: “Ambiguity Attitudes and Beliefs in Strategic and Non-Strategic Interactions” by Dorobiala & Melkonyan. The results suggest ambiguity is ubiquitous in strategic interactions, with its role closely tied to strategic uncertainty.
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Why do bigger stakes make us more risk-averse but more patient? "The Magnitude Paradox" by Bruhin, Fehr-Duda, Hofland & Balafoutas shows this isn’t a contradiction. Check out this JRU article here: link.springer.com/article/10…
The magnitude paradox

The magnitude paradox

Journal of Risk and Uncertainty - There is strong evidence indicating that relative risk aversion increases with outcome magnitude whereas impatience decreases with outcome magnitude. This finding...

link.springer.com
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New in the JRU: "Show me the labels: Using pre-nudges to reduce calorie information avoidance" by Capitán, Thunström, van ’t Veld, Nordström & Shogren link.springer.com/article/10…
Show me the labels: Using pre-nudges to reduce calorie information avoidance

Show me the labels: Using pre-nudges to reduce calorie information avoidance

Journal of Risk and Uncertainty - Calorie labeling is a popular policy to address the obesity epidemic, but it has had little empirical success. Under the premise that willful avoidance of...

link.springer.com
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New in the Journal of Risk and Uncertainty: “Do workers maximize expected utility when choosing labour contracts under ambiguity?” by Xueting Yang & John Hey. link.springer.com/article/10…
Do workers maximize expected utility when choosing labour contracts under ambiguity?

Do workers maximize expected utility when choosing labour contracts under ambiguity?

Journal of Risk and Uncertainty - Many labour contracts are (deliberately or necessarily) ambiguous in nature. This paper experimentally investigates the implications. We ran an experiment in which...

link.springer.com
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Journal of Risk and Uncertainty retweeted
Cass Sunstein (@CassSunstein) profile picture
Cass Sunstein
@CassSunsteinFeb 23
PROXIMITY BIAS - just out in @UncertaintyRisk link.springer.com/article/10…
Proximity bias

Proximity bias

Journal of Risk and Uncertainty - It is rational to care about proximity; closer is often better. Proximity bias can be found when people overweight proximity and are willing (for example) to...

link.springer.com
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New in the JRU: “On Preferring People to Algorithms” by Kaiser, Sunstein & Reisch link.springer.com/article/10…
On preferring people to algorithms

On preferring people to algorithms

Journal of Risk and Uncertainty - This study explores preferences for algorithmic or human decision-making across six countries using nationally representative samples. Participants evaluated ten...

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Across 6 countries, a majority prefer human over algorithmic decision-makers. But explaining how algorithms use data reduces that gap by 11 percentage points—and positive prior experience can even reverse baseline preferences.
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New in the JRU: “Stress discounting” by Cherbonnier, Gollier & Pommeret They propose “stress discounting”—valuing policies across BAU and catastrophic states to capture aggregate risk & insurance benefits. Application: nuclear waste disposal.
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New research in the JRU: Born & Karl estimate the financial value parents place on children via life insurance demand. link.springer.com/article/10…
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Check out the Journal of Risk and Uncertainty’s double issue tribute to Daniel Kahneman, featuring prominent scholars in his field! 👉link.springer.com/journal/11… 👉link.springer.com/journal/11…
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New in the Journal of Risk and Uncertainty: Composto, Duncan, Johnson & Weber synthesize 27 studies on Query Theory. Results show framing effects arise from attentional shifts & query order—offering a process-based alternative to loss aversion in Prospect Theory.
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"A meta-analysis of query theory, a psychological process account of framing effects" link.springer.com/article/10…
A meta-analysis of query theory, a psychological process account of framing effects

A meta-analysis of query theory, a psychological process account of framing effects

Journal of Risk and Uncertainty - Query Theory (QT) offers a psychological process theory of preference construction that shows how attentional processes and memory dynamics give rise to framing...

link.springer.com
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Journal of Risk and Uncertainty retweeted
Kip Viscusi (@WKipViscusi) profile picture
Kip Viscusi@WKipViscusi8 Sep 2025
In Managed Expectations Theory (Zeckhauser & Viscusi, Journal of Risk and Uncertainty), ex ante likelihoods act as reference points shaping ex post utility—explaining why we underestimate good outcomes & overweight bad ones. link.springer.com/article/10…
Managed Expectations Theory: Ex ante likelihoods influence ex post utilities

Managed Expectations Theory: Ex ante likelihoods influence ex post utilities

Journal of Risk and Uncertainty - Daniel Kahneman, often in collaboration with Amos Tversky, developed foundational frameworks for understanding human decision-making. Building on that tradition,...

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📘 New in the Journal of Risk and Uncertainty: “Daniel Kahneman’s underappreciated last published paper” by C. Monica Capra & Thomas J. Kniesner. The article reviews Kahneman’s final work on income & happiness, its conceptual innovations, and policy implications.
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🔗link.springer.com/article/10…
Daniel Kahneman’s underappreciated last published paper: Empirical implications for benefit-cost...

Daniel Kahneman’s underappreciated last published paper: Empirical implications for benefit-cost...

Journal of Risk and Uncertainty - Nobel Prize winner Daniel Kahneman’s last published paper is an adversarial collaboration in which he and Matthew Killingsworth reconcile conflicting...

link.springer.com
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Journal of Risk and Uncertainty retweeted
Kip Viscusi (@WKipViscusi) profile picture
Kip Viscusi@WKipViscusi1 Jul 2025
Read JRU article "Information Avoidance": Cavlovic, Koford & Rentschler test whether anticipated regret drives information avoidance. Their lab experiment finds that accuracy improves info uptake, but mitigation effects are weaker than expected link.springer.com/article/10…
Information avoidance: An experimental test of anticipated regret

Information avoidance: An experimental test of anticipated regret

Journal of Risk and Uncertainty - One reason people may avoid potentially useful information is to eliminate anticipated regret. We develop a model of anticipated regret and use it to derive...

link.springer.com
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Does the source of uncertainty change how we react to ambiguity? Lotito, Maffioletti & Santoni find in their JRU article that people are more ambiguity-averse for artificial uncertainty (Ellsberg paradox) than real-world risks like COVID-19.
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"Testing source influence on ambiguity reaction" link.springer.com/article/10…
Testing source influence on ambiguity reaction: Preference and insensitivity

Testing source influence on ambiguity reaction: Preference and insensitivity

Journal of Risk and Uncertainty - This study investigated whether different sources of uncertainty exert different influences on both the ambiguity aversion/preference and ambiguity-generated...

link.springer.com
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Kip Viscusi (@WKipViscusi) profile picture
Kip Viscusi@WKipViscusi12 Dec 2024
"The Gambler’s Fallacy Prevails in Lottery Play" by Dillon & Lybbert out now in Journal of Risk and Uncertainty! Analysis of lottery behavior in Haiti and Denmark reveals the prevalence of the gambler's fallacy and sheds light on beliefs around winning numbers. @Springernomics
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