A result from economics with implications for the potential impact of AI tools on decision making (ie economies)—which way does it go? Complexity aversion drives AI aversion due to black boxes? Or mitigates complexity aversion with AI providing tailored explanation and analysis as decision support?
Reposted from
Florian Ederer
Some of the most important lottery anomalies from the behavioral risk literature (e.g., probability weighting and loss aversion) actually have nothing to do with risk.
They also arise in perfectly deterministic settings.
Lead article in the latest AER issue:
www.aeaweb.org/articles?id=...
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