Differential monetary gains and losses and event probability in a two-choice situation.

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Abstract
Ss were run under light combinations of π (probability of the more frequent event) and monetary gain and loss for 400 trials in a noncontingent 2-choice situation. All curves rose above π, monetary incentive yielded greater percent prediction of the more frequent event, and 1 and 10 gains and losses had similar effects. A Markoff model of choice behavior, which assumes that a stimulus element may be weakly or strongly conditioned to each response, was successful in predicting asymptotic response percentages. (PsycINFO Database Record (c) 2006 APA, all rights reserved)

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