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Broad Bracketing for Low Probability Events

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NBER2020-06-01 更新2025-01-04 收录
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Individuals tend to underprepare for rare, catastrophic events because of biases in risk perception. A simple form of broad bracketingpresenting the cumulative probability of loss over a longer time horizonhas the potential to alleviate these barriers to risk perception and increase protective

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2020-06-01
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