Too good to be true? Psychological responses to uncommon options in risk–reward environments

Risks and rewards, or payoffs and probabilities, are inversely related in many choice environments. We investigated people's psychological responses to uncommon combinations of risk and reward that deviate from learned regularities (e.g., options that offer a high payoff with an unusually high...

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Bibliographic Details
Main Authors: Hertwig, R. (Author), Leuker, C. (Author), Pachur, T. (Author), Pleskac, T.J (Author)
Format: Article
Language:English
Published: John Wiley and Sons Ltd 2019
Subjects:
Online Access:View Fulltext in Publisher