The Availability Heuristic
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Measuring the Subjective Value of Risky and Ambiguous Options using Experimental Economics and Functional MRI Methods
Published on: September 19, 2012
Felix Molter1,2,3, Armin W Thomas2,4,5, Scott A Huettel6,7
1School of Business & Economics, Freie Universität Berlin, Berlin, Germany.
Gaze allocation influences choices, with longer fixation increasing selection probability. A gaze-dependent evidence accumulation model accurately predicts complex decision-making, incorporating value discounting for unfixed alternatives.
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