Han et. al., (2021) documented that
Motivated by the psychology of salience, we also make a second key psychological assumption that receivers attend more to extreme outcomes
I am wondering what does "psychology of salience" mean here. I search for the meaning and see that
Salience in psychology. Distinctiveness, prominence, obviousness. The term is widely used in the study of perception and cognition to refer to any aspect of a stimulus that, for any of many reasons, stands out from the rest
However, I cannot fit this meaning to the sentence of Han,2021 as above. Could you please help me to sort it out?
Han, B., Hirshleifer, D., & Walden, J. (2021). Social transmission bias and investor behavior. Journal of Financial and Quantitative Analysis, First View, 1-42. https://doi.org/10.1017/S0022109021000077