Neural Response to Reward Anticipation under Risk Is Nonlinear in Probabilities
A widely observed phenomenon in decision making under risk is the apparent overweighting of unlikely events and the underweighting of nearly certain events. This violates standard assumptions in expected utility theory, which requires that expected utility be linear (objective) in probabilities. Mod...
| Main Authors: | , , , |
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| Other Authors: | |
| Format: | Article |
| Language: | en_US |
| Published: |
Society for Neuroscience
2011
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| Online Access: | http://hdl.handle.net/1721.1/64785 |