Animal Behavior & CognitionbioRxiv
Risky choice: probability weighting explains Independence Axiom violations in monkeys
S. Ferrari-Toniolo, L. C. U. Seak, W. Schultz
This study shows monkeys exhibit graded preference changes in risky choices, better explained by probability weighting in Cumulative Prospect Theory than Expected Utility Theory.
DOI 10.1007/s11166-022-09388-7