Probability range and probability distortion in a gambling task.
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DOI: 10.1016/j.actpsy.2019.03.003
Abstract: In decision making under risk, adults tend to overestimate small and underestimate large probabilities (Tversky & Kahneman, 1992). This inverse S-shaped distortion pattern is similar to that observed in a wide variety of proportion judgment… read more here.
Keywords: reference points; probability; distortion; probability distortion ... See more keywords