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The effects of heuristics and apophenia on probabilistic choice (2018)
Journal Article
Ellerby, Z. W., & Tunney, R. J. (in press). The effects of heuristics and apophenia on probabilistic choice. Advances in Cognitive Psychology, 13(4), doi:10.5709/acp-0228-9. ISSN 1895-1171

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... Read More