Game interrupted: The rationality of considering the future

The “problem of points”, introduced by Paccioli in 1494 and solved by Pascal and Fermat 160 years later, inspired the modern concept of probability. Incidentally, the problem also shows that rational decision-making requires the consideration of future events. We show that naïve responses to the pro...

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Bibliographic Details
Main Authors: Brandon Almy, Joachim I. Krueger
Format: Article
Language:English
Published: Cambridge University Press 2013-09-01
Series:Judgment and Decision Making
Subjects:
Online Access:https://www.cambridge.org/core/product/identifier/S1930297500003624/type/journal_article