The effects of heuristics and apophenia on probabilistic choice
Given a repeated choice between two or more options with independent and identically distributed reward probabilities, overall pay-offs can be maximized by the exclusive selection of the option with the greatest likelihood of reward. The tendency to match response proportions to reward contingencies...
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| Format: | Article |
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University of Finance and Management in Warsaw
2018
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| Online Access: | https://eprints.nottingham.ac.uk/48249/ |