Efficient coding and risky choice

C Frydman, LJ Jin - The Quarterly Journal of Economics, 2022 - academic.oup.com
We experimentally test a theory of risky choice in which the perception of a lottery payoff is
noisy due to information processing constraints in the brain. We model perception using the …

[HTML][HTML] Market shocks and professionals' investment behavior–Evidence from the COVID-19 crash

C Huber, J Huber, M Kirchler - Journal of Banking & Finance, 2021 - Elsevier
We investigate how the experience of extreme events, such as the COVID-19 market crash,
influence risk-taking behavior. To isolate changes in risk-taking from other factors, we ran …

Serial dependence in the perception of visual variance

M Suárez-Pinilla, AK Seth, W Roseboom - Journal of vision, 2018 - jov.arvojournals.org
The recent history of perceptual experience has been shown to influence subsequent
perception. Classically, this dependence on perceptual history has been examined in …

The bounded rationality of probability distortion

H Zhang, X Ren, LT Maloney - Proceedings of the National …, 2020 - National Acad Sciences
In decision making under risk (DMR) participants' choices are based on probability values
systematically different from those that are objectively correct. Similar systematic distortions …

Adaptation to variance generalizes across visual domains.

J Maule, A Franklin - Journal of Experimental Psychology: General, 2020 - psycnet.apa.org
Processing the vast amount of visual information available from the world ought to pose a
significant challenge to the brain. One of the ways in which the brain appears to encode the …

[HTML][HTML] Adaptation to mean and variance: Interrelationships between mean and variance representations in orientation perception

J Jeong, SC Chong - Vision Research, 2020 - Elsevier
When there are many visual items, the visual system could represent their summary statistics
(eg, mean, variance) to process them efficiently. Although many previous studies have …

Biased risk perceptions: Evidence from the laboratory and financial markets

E Payzan-LeNestour, L Pradier, TJ Putniņš - Journal of Banking & Finance, 2023 - Elsevier
Applying a well-established neuroscience framework to the issue of investor perception of
volatility, we propose that after prolonged exposure to high volatility, investors tend to …

Ensemble perception of color in autistic adults

J Maule, K Stanworth, E Pellicano… - Autism Research, 2017 - Wiley Online Library
Dominant accounts of visual processing in autism posit that autistic individuals have an
enhanced access to details of scenes [eg, weak central coherence] which is reflected in a …

Neurofinance

E Payzan-LeNestour - Handbook of Financial Decision Making, 2023 - elgaronline.com
Financial behavior that may seem irrational now is behavior that hasn't had sufficient time to
adapt to modern contexts across evolutionary time. An obvious example from nature is the …

[HTML][HTML] Volatility shocks and investment behavior

C Huber, J Huber, M Kirchler - Journal of Economic Behavior & …, 2022 - Elsevier
We investigate how volatility shocks affect investors risk-taking, risk perception and
forecasts. We run artefactual field experiments with two participant pools (finance …