Exploiting risk–reward structures in decision making under uncertainty

Volume: 175, Pages: 186 - 200
Published: Jun 1, 2018
Abstract
People often have to make decisions under uncertainty-that is, in situations where the probabilities of obtaining a payoff are unknown or at least difficult to ascertain. One solution to this problem is to infer the probability from the magnitude of the potential payoff and thus exploit the inverse relationship between payoffs and probabilities that occurs in many domains in the environment. Here, we investigated how the mind may implement such...
Paper Details
Title
Exploiting risk–reward structures in decision making under uncertainty
Published Date
Jun 1, 2018
Journal
Volume
175
Pages
186 - 200
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