Betting on the Unexpected: The Effect of Expectation Matching on Choice Strategies in a Binary Choice Task
Probability matching is the tendency to predict outcomes in accordance with their actual contingencies in a binary choice task. It is, however, a suboptimal response if the aim is to maximize correct predictions. I review two theories that attempt to explain why probability matching occurs: the pa...
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| Language: | en |
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2012
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| Online Access: | http://hdl.handle.net/10012/6558 |