Playing for Susan -- No Mathematics -- The Prisoners' Dilemma, but Who Are the Players? -- The Nash Equilibrium -- Sequence of Moves and the Extensive Form -- Chaos, Too Many and Too Few -- Which Strategy to Choose? -- Step-by-step: The Subgame Perfect Equilibrium -- Forever and a Day -- Mixed...

How is risk-taking affected by prior gains and losses? While normative theory implores decision makers to only consider incremental outcomes, real decision makers are influenced by prior outcomes. We first consider how prior outcomes are combined with the potential payoffs offered by current...