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Record W2951077818

"Money, less problems": Wealth level affects the selection of optimal endpoint in an aiming task with positive and negative outcomes

2012· article· en· W2951077818 on OpenAlexaffabout
Heather F. Neyedli, Timothy N. Welsh

Bibliographic record

Venuenot available
Typearticle
Languageen
FieldDecision Sciences
TopicDecision-Making and Behavioral Economics
Canadian institutionsUniversity of TorontoDalhousie University
Fundersnot available
KeywordsLotteryTask (project management)Point (geometry)PsychologyEconomicsActuarial scienceMicroeconomicsMathematics
DOInot available

Abstract

fetched live from OpenAlex

When aiming to a target circle that yields a small gain, people can aim to an optimal endpoint that is modeled based on the participants' endpoint variability and the cost associated with a penalty circle that partly overlaps the target. More recent research, however, has shown that people aim closer to the penalty area than optimal when a large loss is associated with the penalty area. Because participants started the task with no points, this strategy may be an attempt to increase target hits to increase wealth. Of note, research using cognitive decision making tasks shows that participants will avoid losses when they have a positive wealth level. The purpose of the present study is to determine whether people will have risk seeking or risk adverse strategies when they have different initial wealth levels. If participants are sensitive to their wealth level, they will aim further away from target center if they start with positive wealth than if they start with no wealth. Participants first played a lottery where they received either 0 or 5000pts. The participants then performed 200 trials where they received 100pts for target contact and -600pts for penalty contact. All participants started too close to the penalty area and then shifted their endpoints outward with experience. The participants who began with 5000pts achieved an optimal endpoint by the end of data collection where those who began with 0pts did not. Thus, aiming strategy can be affected by wealth.Acknowledgments: This research was supported through grants from the Natural Sciences and Engineering Research Council of Canada and the Ontario Ministry of Research and Innovation.

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

How this classification was reachedexpand

Full frame machine prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. The Gemma side is a direct model label for every work in the frame, read from the title-only record. The Codex side is a classifier learned from the 10,348 direct Codex labels and calibrated to design-weighted sample rates; fields without enough sample support carry no Codex call. Candidate is the union of the two sides; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels.

metaresearch head score (Codex)0.002
metaresearch head score (Gemma)0.013
Version: metacan-v3-hybrid-931329e0061cValidation status: machine_predicted_unvalidated
Candidate categoriesnone
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Observational · Consensus signal: Observational
GenreCandidate signal: Empirical · Consensus signal: Empirical
Teacher disagreement score0.010
Threshold uncertainty score0.033

Distilled classifier scores by category (both heads)

CategoryCodexGemma
Metaresearch0.0020.013
Meta-epidemiology (narrow)0.0000.000
Meta-epidemiology (broad)0.0000.000
Bibliometrics0.0000.000
Science and technology studies0.0000.001
Scholarly communication0.0010.001
Open science0.0000.001
Research integrity0.0010.001
Insufficient payload (model declined to judge)0.0100.001

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.158
GPT teacher head0.391
Teacher spread0.233 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it

Classification

machine, unvalidated

Machine predicted; a candidate call from one source (direct Gemma or distilled Codex), not a consensus.

The models applied no category: nothing in the taxonomy fit this work.
Study designObservational
Domainnot available
GenreEmpirical

How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".

Quick stats

Citations0
Published2012
Admission routes2
Has abstractyes

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