Risky Choice and Weber's Law
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Alex Kacelnik; Fausto Brito e Abreu
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Article
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1998
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Elsevier Science
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English
β 208 KB
We present a family of models of choice between behavioural alternatives with stochastic outcomes (risky choice) based on the effects of Weber's Law in memory. These models generalise and extend a model of risk sensitive foraging originally proposed by Reboreda & Kacelnik [(1991) Behav. Ecol. 2, 301