Jove
Visualize
Contact Us
JoVE
x logofacebook logolinkedin logoyoutube logo
ABOUT JoVE
OverviewLeadershipBlogJoVE Help Center
AUTHORS
Publishing ProcessEditorial BoardScope & PoliciesPeer ReviewFAQSubmit
LIBRARIANS
TestimonialsSubscriptionsAccessResourcesLibrary Advisory BoardFAQ
RESEARCH
JoVE JournalMethods CollectionsJoVE Encyclopedia of ExperimentsArchive
EDUCATION
JoVE CoreJoVE BusinessJoVE Science EducationJoVE Lab ManualFaculty Resource CenterFaculty Site
Terms & Conditions of Use
Privacy Policy
Policies

Related Concept Videos

Design Example01:23

Design Example

325
The innovation of touch-tone telephony revolutionized the telecommunications industry by replacing the traditional rotary dial with a dual-tone multi-frequency (DTMF) signaling system. This system uses a matrix-style keypad with buttons arranged in four rows and three columns, creating 12 distinct signals each assigned to a pair of frequencies. Each button press results in a simultaneous generation of two sinusoidal tones – one from a low-frequency group (697 to 941 Hz) and one from a...
325
Mass Spectrometry: Complex Analysis01:21

Mass Spectrometry: Complex Analysis

763
Mass spectrometry is an important technique for the identification of pure compounds. However, it has some limitations for the analysis of complex mixtures, often due to excessive fragmentation making the spectrum too complicated to decipher. Mass spectrometry can be combined with suitable separation methods in sequence, forming hyphenated methods, which are useful in the analysis of complex mixtures.
GC–MS is a powerful hyphenated method commonly used in forensics and environmental...
763
The Supercomplexes in the Crista Membrane01:41

The Supercomplexes in the Crista Membrane

2.5K
The mitochondrial cristae membrane is the primary site for the oxidative phosphorylation (OXPHOS) process of energy conversion mediated through respiratory complexes I to V. These complexes have been widely studied for decades, and it has been proven that they form supramolecular structures called respiratory supercomplexes (SC). These higher-order complexes may be crucial in maintaining the biochemical structure and improving the physiological activity of the individual complexes while...
2.5K
Protein Complexes with Interchangeable Parts01:57

Protein Complexes with Interchangeable Parts

2.5K
Groups of proteins may form a complex where each protein in this complex has a different role in the overall execution of the complex’s function. Often some of the proteins in the complex can be replaced by a closely related variant to give a complex that contains many of the same components yet is functionally distinct.
The SCF ubiquitin ligase is a protein complex of five individual proteins. This complex attaches ubiquitin to other target proteins to mark them for degradation. In order...
2.5K
Control Systems01:10

Control Systems

1.1K
Control systems are everywhere in contemporary society, influencing diverse applications from aerospace to automated manufacturing. These systems can be found naturally within biological processes, such as blood sugar regulation and heart rate adjustment in response to stress, as well as in man-made systems like elevators and automated vehicles. A control system is essentially a network of subsystems and processes that collaboratively convert specific inputs into desired outputs.
At the heart...
1.1K
Signal and System01:26

Signal and System

652
A signal x(t) is a set of data or a time function representing a variable of interest. Signals typically convey information about a phenomenon, such as atmospheric temperature, humidity, human voice, television images, a dog's bark, or birdsongs. More generally, a signal can be a function of more than one independent variable. For instance, images depend on horizontal and vertical positions and can be regarded as two-dimensional signals. However, this text will focus on one-dimensional...
652

You might also read

Related Articles

Articles linked to this work by shared authors, journal, and citation graph.

Sort by
Same author

Psychological barriers to participation in the labor market: Evidence from rural Ghana.

Journal of development economics·2026
Same author

Misfortune and Mistake: The Financial Conditions and Decision-making Ability of High-Cost Loan Borrowers.

The journal of political economy·2024
Same author

A Method to Explore Variations of Ventilator-Associated Event Surveillance Definitions in Large Critical Care Databases in the United States.

Critical care explorations·2022
Same author

Prevalence of signs and symptoms of temporomandibular disorder in the metropolitan region of Rio De Janeiro: A population-based cross-sectional study.

Cranio : the journal of craniomandibular practice·2022
Same author

Analysis of Discrepancies Between Pulse Oximetry and Arterial Oxygen Saturation Measurements by Race and Ethnicity and Association With Organ Dysfunction and Mortality.

JAMA network open·2021
Same author

Scientific authorship in CSP.

Cadernos de saude publica·2018

Related Experiment Video

Updated: Jun 28, 2025

Microstate and Omega Complexity Analyses of the Resting-state Electroencephalography
06:40

Microstate and Omega Complexity Analyses of the Resting-state Electroencephalography

Published on: June 15, 2018

10.2K

Complexity and Sophistication.

Leandro Carvalho1, Dan Silverman2

  • 1University of Southern California.

Journal of Political Economy Microeconomics
|April 22, 2024
PubMed
Summary
This summary is machine-generated.

Financial complexity disadvantages less-skilled individuals, leading to lower returns. Sophistication and attention costs explain why some individuals opt out of simple alternatives, impacting financial decision-making.

Keywords:
Choice under riskD81Decision making qualityG02G11Rational inattention

More Related Videos

Perspectives on Neuroscience
00:26

Perspectives on Neuroscience

Published on: July 31, 2007

4.9K
Quantitative Analysis of Neuronal Dendritic Arborization Complexity in Drosophila
07:13

Quantitative Analysis of Neuronal Dendritic Arborization Complexity in Drosophila

Published on: January 7, 2019

14.1K

Related Experiment Videos

Last Updated: Jun 28, 2025

Microstate and Omega Complexity Analyses of the Resting-state Electroencephalography
06:40

Microstate and Omega Complexity Analyses of the Resting-state Electroencephalography

Published on: June 15, 2018

10.2K
Perspectives on Neuroscience
00:26

Perspectives on Neuroscience

Published on: July 31, 2007

4.9K
Quantitative Analysis of Neuronal Dendritic Arborization Complexity in Drosophila
07:13

Quantitative Analysis of Neuronal Dendritic Arborization Complexity in Drosophila

Published on: January 7, 2019

14.1K

Area of Science:

  • Behavioral Economics
  • Financial Decision-Making
  • Information Economics

Background:

  • Financial decisions often involve complex choices with simpler alternatives.
  • Individual sophistication determines the value of opting out of complexity.
  • Understanding these dynamics is crucial for financial literacy and market efficiency.

Purpose of the Study:

  • To investigate the impact of complexity on financial decision-making.
  • To evaluate the role of individual sophistication in navigating financial choices.
  • To develop a method for estimating parameters within a rational inattention model.

Main Methods:

  • Randomized controlled trial assigning complexity to portfolio problems and offering simple alternatives.
  • Analysis of financial returns based on complexity and opt-out decisions.
  • Development and application of a novel method for estimating structural parameters of a rational inattention model.

Main Results:

  • Less-skilled individuals experience lower returns under complexity due to opting out of dominated simple alternatives.
  • Structural estimates indicate substantial sophistication among participants.
  • High attention costs justify the financial losses incurred by less-skilled individuals when opting out.

Conclusions:

  • Financial complexity disproportionately affects less-skilled individuals.
  • Sophistication and attention costs are key factors in understanding financial decision-making under complexity.
  • The developed rational inattention model provides insights into individual financial behavior and resource allocation.