The delay-reward heuristic: What do people expect in intertemporal choice tasks?
Recent research has shown that risk and reward are positively correlated in many environments, and that people have internalized this association as a “risk-reward heuristic”: when making choices based on incomplete information, people infer probabilities from payoffs and vice-versa, and these infer...
| Main Authors: | , , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Society for Judgment and Decision Making
2020-09-01
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| Series: | Judgment and Decision Making |
| Subjects: | |
| Online Access: | http://journal.sjdm.org/20/200408b/jdm200408b.pdf |