Fox, Craig R., Rebecca K. Ratner, & Daniel Lieb (2005) “How Subjective Grouping of alternate options Influences selection and Allocation: Diversification Bias and as well Phenomenon of Partition Dependence,” diary of Experimental Psychology: common 134, 538–551.

{% CPT: details on probability weighting;
ambiguity looking for for unlikely; inverse-S selection retailers do EV for provided probs, and subadditivity burberry blue label tote bag for unidentified probabilities; ascribe it to subadditivity in judged probability.
P. 7: “Note that probability are commonly viewed as becoming a wonderful circumstance of uncertainty where probability is defined via a typical probability device producing quite a sizable amount of the facts that probabilities of results are known,”
The worth performance is elicited by asking for equivalences