If the ball-picking was repeated a number of times after you chose your colour scheme, then risk-aversion (or the declining marginal utility of not being kicked in the head) would make the “intuitive” choice the correct one. I wonder if people’s choices in the one-shot version are what they are because of this.
If the ball-picking was repeated a number of times after you chose your colour scheme, then risk-aversion (or the declining marginal utility of not being kicked in the head) would make the “intuitive” choice the correct one. I wonder if people’s choices in the one-shot version are what they are because of this.