The Psychology of Tail Events: Progress and Challenges

By Nicholas Barberis. 2013

176 citations recorded by the source corpus.

Subfields: General Decision Sciences, Management Science and Operations Research, Sociology and Political Science

View Paper: https://www.semanticscholar.org/paper/555fc1bc7769bd9e7c55d83b226b8ce1152a4f8c

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In General Decision Sciences

1. W. Botzen
2. Howard Kunreuther
3. E. Michel-Kerjan
4. Nicholas Barberis
5. A. Shleifer
6. Markku Kaustia

In Management Science and Operations Research

1. W. Botzen
2. E. Michel-Kerjan
3. Howard Kunreuther
4. Nicholas Barberis
5. Bayram Veli Salur

In Sociology and Political Science

1. W. Botzen
2. E. Michel-Kerjan
3. Howard Kunreuther
4. Nicholas Barberis

Citations in the corpus

• Household Portfolio Underdiversification and Probability Weighting: Evidence from the Field (2018, unknown): “The present paper provides evidence that directly measured probability weighting can 1 For further discussion, see the review articles of Fehr-Duda and Epper (2012) and Barberis (2013a).”
• Divergence between individual perceptions and objective indicators of tail risks: Evidence from floodplain residents in New York City (2015, background): “…individual decisions are consistent with the probability-weighting function of prospect theory, with mixed results (for instance, see Tversky and Kahneman 1992; Bordalo, Gennaioli, and Shleifer 2012; Fehr-Duda and Epper 2012; Barberis 2013b; Barseghyan et al. 2013a,b; Carman and Kooreman 2014).”
• Thirty Years of Prospect Theory in Economics: A Review and Assessment (2012, background): “The solid line in Figure 2 shows the weighting function proposed by Tversky and Kahneman (1992). As is visible in comparison with the dotted line—a 45 degree line, which corresponds to the expected utility benchmark—the weighting”