Failing Despite Knowing. Repeated Decision-Making During Binary Random Sequences with Asymmetric Probabilities
Previous research shows that people often misinterpret randomness, expecting short-term outcomes to balance out, known as negative recency. Most studies have focused on binary events with equal odds (1:1). This study uniquely examines risk-taking behaviour in an asymmetric setup with 2:1 odds. In tw...
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| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
De Gruyter
2025-07-01
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| Series: | Open Psychology |
| Subjects: | |
| Online Access: | https://doi.org/10.1515/psych-2025-0007 |
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