information search and mental representation of risk

@article{huber-huber-11_search-in-risky-decision-making,
  title={Information search and mental representation in risky decision making: The advantages first principle},
  author={Huber, O. and Huber, O.W. and B{\\"a}r, A.S.},
  journal={Journal of Behavioral Decision Making},
  volume={24},
  number={3},
  pages={223--248},
  year={2011},
  annote = {

}}

@article{sasaki-xieS-08_risk-attitude-chinese,
  title={Experiments on risk attitude: The case of Chinese students},
  author={Sasaki, S. and Xie, S. and Ohtake, F. and Qin, J. and Tsutsui, Y.},
  journal={China Economic Review},
  volume={19},
  number={2},
  pages={245--259},
  year={2008},
  annote = {

humans tend to be risk-loving when win-probability is less or amounts is
small. 

--
Abstract
This paper examines Chinese students' risk attitudes using selling and buying
experiments with lotteries. We found that subjects were more risk averse
during the buying experiment than during the selling experiment, suggesting
an endowment effect. In the selling experiment, subjects were risk loving
when there was a low win probability and risk averse with a high win
probability, whereas they were risk averse in the buying experiment. Using
the prize money won during the experiment as a measure of wealth, we found
decreasing absolute risk aversion. Subjects' risk attitudes as revealed in
the experiments explain their risky asset holding behavior.

}}