Dishonestly increasing the likelihood of winning

People not only seek to avoid losses or secure gains; they also attempt to create opportunities for obtaining positive outcomes. When distributing money between gambles with equal probabilities, people often invest in turning negative gambles into positive ones, even at a cost of reduced expected va...

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Bibliographic Details
Main Author: Shaul Shalvi
Format: Article
Language:English
Published: Cambridge University Press 2012-05-01
Series:Judgment and Decision Making
Subjects:
Online Access:https://www.cambridge.org/core/product/identifier/S1930297500002266/type/journal_article