The students infer a social rule penalising guessing. In almost all cases exploiting a technicality that works around a social rule is penalised. Nobody likes munchkins.
I would expect to observe a tendency for people rationalise reasons to not guess even if loss aversion was contolled for.
The students infer a social rule penalising guessing. In almost all cases exploiting a technicality that works around a social rule is penalised. Nobody likes munchkins.
I would expect to observe a tendency for people rationalise reasons to not guess even if loss aversion was contolled for.