5
votes
Accepted
Name of the bias towards not seeing small harm of many as important?
Yes. This is a special case of the identifiable victim effect: the cognitive bias implicated in the quote, "A single death is a tragedy; a million deaths is a statistic."
The identifiable victim ...
- 536
4
votes
Accepted
Why some papers suggest that losses and gains are coded by the same mechanism while other suggest that distinct circuits anticipate gain and loss?
Because we still don't know exactly how the brain works. That's why we do research. If these authors knew the answer ahead of time, neither of them would have done the study.
These are research ...
- 7,781
2
votes
Name of the bias towards not seeing small harm of many as important?
This comes under the heading of the theory of organized interests.The idea is that there are a few parties that stand to make large gains from a situation, and therefore have an incentive to organize ...
- 612
2
votes
Why can't subjective utilities take probabilities into account?
You certainly did not understand it correctly, because the statement that the second case is either rational or not cannot be stated based only on the information you provided.
The rationality of the ...
- 137
2
votes
Accepted
Why do many people play Candy Crush without ever buying anything while some spend all their money on it?
Summary: From the few papers I've looked at, microtransaction-based games tend to work as suspected/designed. That is, games which rely on frustration to get the player to spend money (like Candy ...
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