Rare and extreme outcomes in risky choice
(2023)
Journal Article
Mason, A., Ludvig, E. A., Spetch, M. L., & Madan, C. R. (2024). Rare and extreme outcomes in risky choice. Psychonomic Bulletin and Review, 31, 1301-1308. https://doi.org/10.3758/s13423-023-02415-x
Many real-world decisions involving rare events also involve extreme outcomes. Despite this confluence, decisions-from-experience research has only examined the impact of rarity and extremity in isolation. With rare events, people typically choose as... Read More about Rare and extreme outcomes in risky choice.