In many choice environments, risks and rewards—or probabilities and payoffs—seem tightly coupled such that high payoffs only occur with low…
An examination of the cognitive tools that the mind uses to grapple with uncertainty in the real world. How do…
A sequential risk-taking paradigm used to identify real-world risk takers invokes both learning and decision processes. This article expands the…
This article models the cognitive processes underlying learning and sequential choice in a risk-taking task for the purposes of understanding…