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  1. The role of ANS acuity and numeracy for the calibration and the coherence of subjective probability judgments.Anders Winman, Peter Juslin, Marcus Lindskog, Håkan Nilsson & Neda Kerimi - 2014 - Frontiers in Psychology 5:97227.
    The purpose of the study was to investigate how numeracy and acuity of the approximate number system (ANS) relate to the calibration and coherence of probability judgments. Based on the literature on number cognition, a first hypothesis was that those with lower numeracy would maintain a less linear use of the probability scale, contributing to overconfidence and nonlinear calibration curves. A second hypothesis was that also poorer acuity of the ANS would be associated with overconfidence and non-linearity. A third hypothesis, (...)
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  • Inattentive consumers in markets for services.Stefania Sitzia, Jiwei Zheng & Daniel John Zizzo - 2015 - Theory and Decision 79 (2):307-332.
    In an experiment on markets for services, we find that consumers are likely to stick to default tariffs and achieve suboptimal outcomes. We find that inattention to the task of choosing a better tariff is likely to be a substantial problem in addition to any task and tariff complexity effect. The institutional setup on which we primarily model our experiment is the UK electricity and gas markets, and our conclusion is that the new measures by the UK regulator Ofgem to (...)
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