Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
2427053 | Behavioural Processes | 2011 | 12 Pages |
Abstract
⺠Prior research has shown that risky choice in humans for monetary and other outcomes can be predicted by an optimal risk-sensitive foraging model (the energy-budget rule) when examined under experimentally arranged positive and negative resource budgets. ⺠In most prior human studies, participants were given choices between options delivering either a constant (fixed) or variable outcome amount. ⺠The present study investigated whether the predictions of the model would extend to humans' choices for monetary outcomes when both options were variable. ⺠Overall, the results from this study provide further evidence that the energy-budget rule may have broad applicability and that it can extend to human risky choice between multiple variable options.
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Authors
Gabriel D. Searcy, Cynthia J. Pietras,