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Schlottmann, Anne; Harman, Rachel M.; Paine, Julie – Psicologica: International Journal of Methodology and Experimental Psychology, 2012
Under the normative Expected Value (EV) model, multiple outcomes are additive, but in everyday worth judgement intuitive averaging prevails. Young children also use averaging in EV judgements, leading to a disordinal, crossover violation of utility when children average the part worths of simple gambles involving independent events (Schlottmann,…
Descriptors: Task Analysis, Models, Children, Age Differences