Do people exploit risk–reward structures to simplify information processing in risky choice?
Volume: 5, Issue: 1, Pages: 76 - 94
Published: Jun 13, 2019
Abstract
The high rewards people desire are often unlikely. Here, we investigated whether decision-makers exploit such ecological correlations between risks and rewards to simplify their information processing. In a learning phase, participants were exposed to options in which risks and rewards were negatively correlated, positively correlated, or uncorrelated. In a subsequent risky choice task, where the emphasis was on making either a ‘fast’ or the...
Paper Details
Title
Do people exploit risk–reward structures to simplify information processing in risky choice?
Published Date
Jun 13, 2019
Volume
5
Issue
1
Pages
76 - 94
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