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), https://doi.org/10.5709/acp-0228-9
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 about The effects of heuristics and apophenia on probabilistic choice.