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R. E. Muniz-Langle

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Preprint Aug 2026

Catastrophic Attention Preferences

This paper provides an axiomatic foundation for catastrophic thinking, a form of pessimism in which an agent evaluates uncertain alternatives by attending only to a subset of adverse outcomes. We introduce Catastrophic Attention Preferences (CAP), under which an act is evaluated by its subjective expected utility condi...

R. E. Muniz-Langle · 0 citations