Construct · 1 fields · 1 citations

probability matching: a standalone construct

One name. One construct. A landmark on the map.

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Behavioral economics

choosing options in proportion to how often they pay off instead of always choosing the most likely option.

In behavioral economics, probability matching refers to choosing options in proportion to how often they pay off instead of always choosing the most likely option. This meaning comes from Vulkan (2000) in Journal of Economic Surveys.[1]

Unit
Recovery means
Measured by

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Nearby constructs

matching4 fields · 4 citationsjingle · one word, four constructs option4 fields · 9 citationsjingle · one word, four constructs proportion1 fields · 1 citationsanchor · a standalone construct

References

Vulkan, N. (2000). An Economist’s Perspective on Probability Matching. Journal of Economic Surveys, 14(1), 101-118. https://doi.org/10.1111/1467-6419.00106

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