{"pk":27254,"title":"How the Mind Exploits Risk-Reward Structures in Decisions under Risk","subtitle":null,"abstract":"In many natural domains, risks and rewards are inversely re-lated (Pleskac & Hertwig, 2014). We sought to understandhow people might use this relationship in choosing amongrisky gambles. To do so we, manipulated risk-reward struc-tures of monetary gambles to be either negatively or positivelycorrelated, or uncorrelated. After substantial exposure to theseenvironments, participants completed a speeded choice taskamong non-dominated gambles. Eye-tracking data from thistask suggests that participants often shifted their attention tomainly one attribute in the correlated conditions, in which therisk-reward relationship was present. This was an adaptivestrategy that resulted in a similar proportion of expected-valuemaximizing choices, compared to a more compensatory pro-cessing strategy.","language":"eng","license":{"name":"","short_name":"","text":null,"url":""},"keywords":[{"word":"risk-reward relationship; decisions under risk; at-tention; noncompensatory processing; adaptive cognition"}],"section":"Posters: Papers","is_remote":true,"remote_url":"https://escholarship.org/uc/item/9p57k8z6","frozenauthors":[{"first_name":"Christina","middle_name":"","last_name":"Leuker","name_suffix":"","institution":"Max Planck Institute for Human Development","department":""},{"first_name":"Timothy","middle_name":"J.","last_name":"Pleskac","name_suffix":"","institution":"Max Planck Institute for Human Development","department":""},{"first_name":"Thorsten","middle_name":"","last_name":"Pachur","name_suffix":"","institution":"Max Planck Institute for Human Development","department":""},{"first_name":"Ralph","middle_name":"","last_name":"Hertwig","name_suffix":"","institution":"Max Planck Institute for Human Development","department":""}],"date_submitted":null,"date_accepted":null,"date_published":"2017-01-01T18:00:00Z","render_galley":null,"galleys":[{"label":"PDF","type":"pdf","path":"https://journalpub.escholarship.org/cognitivesciencesociety/article/27254/galley/16890/download/"}]}