Rakow, Tim; Demes, Kali A.; Newell, Ben R. - In: Organizational Behavior and Human Decision Processes 106 (2008) 2, pp. 168-179
Most experimental investigations of risky choice provide participants with a description of the probabilities and outcomes for each option, and observe that small probabilities are overweighted. However, when payoffs are learned from repeated experience of outcomes (as in many real-world...
