To maximize or randomize? An experimental study of probability matching in financial decision making.

Probability matching, also known as the "matching law" or Herrnstein's Law, has long puzzled economists and psychologists because of its apparent inconsistency with basic self-interest. We conduct an experiment with real monetary payoffs in which each participant plays a computer game...

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Autores principales: Andrew W Lo, Katherine P Marlowe, Ruixun Zhang
Formato: article
Lenguaje:EN
Publicado: Public Library of Science (PLoS) 2021
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Acceso en línea:https://doaj.org/article/e73aacda65394897977dbeaece58fab3
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