Journal of Risk and Uncertainty

Journal of Risk and Uncertainty

[Journal of Risk and Uncertainty @UncertaintyRisk]

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:
https://t.co/88azAOK8hG

[Journal of Risk and Uncertainty @UncertaintyRisk]

New in the JRU: "Show me the labels: Using pre-nudges to reduce calorie information avoidance" by Capitán, Thunström, van ’t Veld, Nordström & Shogren
https://t.co/ZDbAN06vhw

[Journal of Risk and Uncertainty @UncertaintyRisk]

New in the Journal of Risk and Uncertainty:
“Do workers maximize expected utility when choosing labour contracts under ambiguity?” by Xueting Yang & John Hey.
https://t.co/5ooBgmuYnF

[Cass Sunstein @CassSunstein]

PROXIMITY BIAS - just out in @UncertaintyRisk
https://t.co/hE0zoyZvzb

[Journal of Risk and Uncertainty @UncertaintyRisk]

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.

[Journal of Risk and Uncertainty @UncertaintyRisk]

New in the JRU:
“On Preferring People to Algorithms” by Kaiser, Sunstein & Reisch
https://t.co/UtyTEbz01K

[Journal of Risk and Uncertainty @UncertaintyRisk]

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.

[Journal of Risk and Uncertainty @UncertaintyRisk]

New research in the JRU: Born & Karl estimate the financial value parents place on children via life insurance demand. https://t.co/wscVWXT5ci

[Journal of Risk and Uncertainty @UncertaintyRisk]

Check out the Journal of Risk and Uncertainty’s double issue tribute to Daniel Kahneman, featuring prominent scholars in his field!
👉https://t.co/MninTstkgi
👉https://t.co/Ix7QlPh2g6

[Journal of Risk and Uncertainty @UncertaintyRisk]

"A meta-analysis of query theory, a psychological process account of framing effects"
https://t.co/tBPcBGx6xM

[Journal of Risk and Uncertainty @UncertaintyRisk]

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.

[Kip Viscusi @WKipViscusi]

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.
https://t.co/4U43xHmFu5

[Journal of Risk and Uncertainty @UncertaintyRisk]

🔗https://t.co/MxETfDY53E

[Journal of Risk and Uncertainty @UncertaintyRisk]

📘 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.

[Kip Viscusi @WKipViscusi]

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
https://t.co/1CK3WvAMlR

[Journal of Risk and Uncertainty @UncertaintyRisk]

"Testing source influence on ambiguity reaction" https://t.co/eQ3Kj2r5zd

[Journal of Risk and Uncertainty @UncertaintyRisk]

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.

[Kip Viscusi @WKipViscusi]

"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

[Kip Viscusi @WKipViscusi]

https://t.co/YJPrmZS8IW
@UncertaintyRisk

[Cass Sunstein @CassSunstein]

Honored to report that NOISY LAW: SCALING WITHOUT A MODULUS (an improved/revised version) is forthcoming in @UncertaintyRisk @WKipViscusi
https://t.co/ZtikBEFS3P.