{"id":"https://openalex.org/W2013907696","doi":"https://doi.org/10.1037/0278-7393.29.4.598","title":"The effects of control on betting: Paradoxical betting on items of high confidence with low value.","display_name":"The effects of control on betting: Paradoxical betting on items of high confidence with low value.","publication_year":2003,"publication_date":"2003-01-01","ids":{"openalex":"https://openalex.org/W2013907696","doi":"https://doi.org/10.1037/0278-7393.29.4.598","mag":"2013907696","pmid":"https://pubmed.ncbi.nlm.nih.gov/12924861"},"language":"en","primary_location":{"id":"doi:10.1037/0278-7393.29.4.598","doi":"https://doi.org/10.1037/0278-7393.29.4.598","is_oa":false,"landing_page_url":"https://doi.org/10.1037/0278-7393.29.4.598","pdf_url":null,"source":{"id":"https://openalex.org/S18666220","display_name":"Journal of Experimental Psychology Learning Memory and Cognition","issn_l":"0278-7393","issn":["0278-7393","1939-1285"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","cwts-core","dongbi-b","erih-plus","jufo-2","ki-jl-1","medline","norway-1","poland-140","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320262","host_organization_name":"American Psychological Association","host_organization_lineage":["https://openalex.org/P4310320262"],"host_organization_lineage_names":["American Psychological Association"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Experimental Psychology: Learning, Memory, and Cognition","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref","pubmed"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5027142187","display_name":"Adam S. Goodie","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I165733156","display_name":"University of Georgia","ror":"https://ror.org/00te3t702","country_code":"US","type":"education","lineage":["https://openalex.org/I165733156"]}],"countries":["US"],"is_corresponding":true,"raw_author_name":"Adam S. Goodie","raw_affiliation_strings":["Department of Psychology, University of Georgia, Athens 30602-3013, USA. goodie@egon.psy.uga.edu","Department of Psychology, University of Georgia, Athens, 30602-3013, USA"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Psychology, University of Georgia, Athens 30602-3013, USA. goodie@egon.psy.uga.edu","institution_ids":["https://openalex.org/I165733156"]},{"raw_affiliation_string":"Department of Psychology, University of Georgia, Athens, 30602-3013, USA","institution_ids":["https://openalex.org/I165733156"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5027142187"],"corresponding_institution_ids":["https://openalex.org/I165733156"],"apc_list":null,"apc_paid":null,"fwci":2.1537,"has_fulltext":false,"cited_by_count":71,"citation_normalized_percentile":{"value":0.8696331,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":89,"max":99},"biblio":{"volume":"29","issue":"4","first_page":"598","last_page":"610"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10315","display_name":"Decision-Making and Behavioral Economics","score":0.9994999766349792,"subfield":{"id":"https://openalex.org/subfields/1800","display_name":"General Decision Sciences"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10315","display_name":"Decision-Making and Behavioral Economics","score":0.9994999766349792,"subfield":{"id":"https://openalex.org/subfields/1800","display_name":"General Decision Sciences"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10646","display_name":"Experimental Behavioral Economics Studies","score":9.999999747378752e-05,"subfield":{"id":"https://openalex.org/subfields/3311","display_name":"Safety Research"},"field":{"id":"https://openalex.org/fields/33","display_name":"Social Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10918","display_name":"Memory Processes and Influences","score":9.999999747378752e-05,"subfield":{"id":"https://openalex.org/subfields/2805","display_name":"Cognitive Neuroscience"},"field":{"id":"https://openalex.org/fields/28","display_name":"Neuroscience"},"domain":{"id":"https://openalex.org/domains/1","display_name":"Life Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/perceived-control","display_name":"perceived control","score":0.8220000267028809},{"id":"https://openalex.org/keywords/confidence-calibration","display_name":"confidence calibration","score":0.5600000023841858},{"id":"https://openalex.org/keywords/overconfidence","display_name":"overconfidence","score":0.8040000200271606},{"id":"https://openalex.org/keywords/underconfidence","display_name":"underconfidence","score":0.9760000109672546},{"id":"https://openalex.org/keywords/subjective-utility","display_name":"subjective utility","score":0.7419999837875366},{"id":"https://openalex.org/keywords/general-knowledge-questions","display_name":"general knowledge questions","score":0.6819999814033508},{"id":"https://openalex.org/keywords/decision-making","display_name":"decision-making","score":0.3889999985694885}],"concepts":[{"id":"https://openalex.org/C183115368","wikidata":"https://www.wikidata.org/wiki/Q856577","display_name":"Weighting","level":2,"score":0.7844079732894897},{"id":"https://openalex.org/C2776291640","wikidata":"https://www.wikidata.org/wiki/Q2912517","display_name":"Value (mathematics)","level":2,"score":0.6435835361480713},{"id":"https://openalex.org/C2775924081","wikidata":"https://www.wikidata.org/wiki/Q55608371","display_name":"Control (management)","level":2,"score":0.6302369832992554},{"id":"https://openalex.org/C15744967","wikidata":"https://www.wikidata.org/wiki/Q9418","display_name":"Psychology","level":0,"score":0.579863965511322},{"id":"https://openalex.org/C44249647","wikidata":"https://www.wikidata.org/wiki/Q208498","display_name":"Confidence interval","level":2,"score":0.550900399684906},{"id":"https://openalex.org/C51110983","wikidata":"https://www.wikidata.org/wiki/Q16503490","display_name":"Overconfidence effect","level":2,"score":0.5142090320587158},{"id":"https://openalex.org/C14036430","wikidata":"https://www.wikidata.org/wiki/Q3736076","display_name":"Function (biology)","level":2,"score":0.5003039836883545},{"id":"https://openalex.org/C77805123","wikidata":"https://www.wikidata.org/wiki/Q161272","display_name":"Social psychology","level":1,"score":0.4964054226875305},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.3779163658618927},{"id":"https://openalex.org/C105795698","wikidata":"https://www.wikidata.org/wiki/Q12483","display_name":"Statistics","level":1,"score":0.3523136377334595},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.26653510332107544},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.19472584128379822},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.18267005681991577},{"id":"https://openalex.org/C154945302","wikidata":"https://www.wikidata.org/wiki/Q11660","display_name":"Artificial intelligence","level":1,"score":0.12340882420539856},{"id":"https://openalex.org/C71924100","wikidata":"https://www.wikidata.org/wiki/Q11190","display_name":"Medicine","level":0,"score":0.06671792268753052},{"id":"https://openalex.org/C78458016","wikidata":"https://www.wikidata.org/wiki/Q840400","display_name":"Evolutionary biology","level":1,"score":0.0},{"id":"https://openalex.org/C86803240","wikidata":"https://www.wikidata.org/wiki/Q420","display_name":"Biology","level":0,"score":0.0},{"id":"https://openalex.org/C126838900","wikidata":"https://www.wikidata.org/wiki/Q77604","display_name":"Radiology","level":1,"score":0.0}],"mesh":[{"descriptor_ui":"D003657","descriptor_name":"Decision Making","qualifier_ui":null,"qualifier_name":null,"is_major_topic":true},{"descriptor_ui":"D006801","descriptor_name":"Humans","qualifier_ui":null,"qualifier_name":null,"is_major_topic":false},{"descriptor_ui":"D008960","descriptor_name":"Models, Psychological","qualifier_ui":null,"qualifier_name":null,"is_major_topic":false},{"descriptor_ui":"D011336","descriptor_name":"Probability","qualifier_ui":null,"qualifier_name":null,"is_major_topic":false},{"descriptor_ui":"D011582","descriptor_name":"Psychological Theory","qualifier_ui":null,"qualifier_name":null,"is_major_topic":true},{"descriptor_ui":"D016001","descriptor_name":"Confidence Intervals","qualifier_ui":null,"qualifier_name":null,"is_major_topic":false}],"locations_count":2,"locations":[{"id":"doi:10.1037/0278-7393.29.4.598","doi":"https://doi.org/10.1037/0278-7393.29.4.598","is_oa":false,"landing_page_url":"https://doi.org/10.1037/0278-7393.29.4.598","pdf_url":null,"source":{"id":"https://openalex.org/S18666220","display_name":"Journal of Experimental Psychology Learning Memory and Cognition","issn_l":"0278-7393","issn":["0278-7393","1939-1285"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","cwts-core","dongbi-b","erih-plus","jufo-2","ki-jl-1","medline","norway-1","poland-140","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320262","host_organization_name":"American Psychological Association","host_organization_lineage":["https://openalex.org/P4310320262"],"host_organization_lineage_names":["American Psychological Association"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Experimental Psychology: Learning, Memory, and Cognition","raw_type":"journal-article"},{"id":"pmid:12924861","doi":null,"is_oa":false,"landing_page_url":"https://pubmed.ncbi.nlm.nih.gov/12924861","pdf_url":null,"source":{"id":"https://openalex.org/S4306525036","display_name":"PubMed","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1299303238","host_organization_name":"National Institutes of Health","host_organization_lineage":["https://openalex.org/I1299303238"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of experimental psychology. Learning, memory, and cognition","raw_type":"Journal Article"}],"best_oa_location":null,"sustainable_development_goals":[],"sustainable_development_goals_aurora":[{"id":"https://metadata.un.org/sdg/16","score":0.8399999737739563,"display_name":"Peace, justice, and strong institutions"}],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":53,"referenced_works":["https://openalex.org/W1553630742","https://openalex.org/W1566582730","https://openalex.org/W1709698377","https://openalex.org/W1965946713","https://openalex.org/W1968403550","https://openalex.org/W1969039856","https://openalex.org/W1970718770","https://openalex.org/W1973545526","https://openalex.org/W1992582510","https://openalex.org/W1998085889","https://openalex.org/W1998765864","https://openalex.org/W2004822008","https://openalex.org/W2017211257","https://openalex.org/W2019939391","https://openalex.org/W2027047704","https://openalex.org/W2031885458","https://openalex.org/W2033773688","https://openalex.org/W2041946752","https://openalex.org/W2043763623","https://openalex.org/W2044887035","https://openalex.org/W2047174296","https://openalex.org/W2049756702","https://openalex.org/W2069197020","https://openalex.org/W2070038812","https://openalex.org/W2071793018","https://openalex.org/W2079219728","https://openalex.org/W2091711164","https://openalex.org/W2096011802","https://openalex.org/W2096452841","https://openalex.org/W2099148141","https://openalex.org/W2099161251","https://openalex.org/W2100078522","https://openalex.org/W2100105359","https://openalex.org/W2102118103","https://openalex.org/W2107128339","https://openalex.org/W2122028729","https://openalex.org/W2131228810","https://openalex.org/W2140491477","https://openalex.org/W2145046219","https://openalex.org/W2145284651","https://openalex.org/W2145866011","https://openalex.org/W2150234857","https://openalex.org/W2151274689","https://openalex.org/W2151530239","https://openalex.org/W2159071801","https://openalex.org/W2939994797","https://openalex.org/W3122760232","https://openalex.org/W4214567234","https://openalex.org/W4232790668","https://openalex.org/W4234715662","https://openalex.org/W4251136103","https://openalex.org/W4254376918","https://openalex.org/W4323283495"],"related_works":["https://openalex.org/W2071761411","https://openalex.org/W2086503465","https://openalex.org/W3111963895","https://openalex.org/W7099325296","https://openalex.org/W1964443172","https://openalex.org/W2029324661","https://openalex.org/W2039347816","https://openalex.org/W6990020099","https://openalex.org/W2055239689","https://openalex.org/W3201680463"],"abstract_inverted_index":{"Traditional":[0],"decision":[1,129,140],"theories":[2],"emphasize":[3],"the":[4,91],"probabilities":[5],"and":[6,104],"values":[7],"of":[8,78,93,128,139],"possible":[9],"outcomes,":[10],"but":[11,64],"decisions":[12],"may":[13],"also":[14],"be":[15],"influenced":[16],"by":[17,45],"perceived":[18],"control,":[19],"with":[20],"control":[21,123],"defined":[22],"as":[23,97,101],"probability":[24],"alterability.":[25],"In":[26],"3":[27],"experiments,":[28],"participants":[29,61,67],"were":[30,49,62,68],"offered":[31],"bets":[32,41,48,94,111],"on":[33,112],"their":[34],"own":[35],"answers":[36],"to":[37,90],"general":[38],"knowledge":[39],"questions,":[40],"that":[42,80,122,131],"are":[43],"characterized":[44],"control.":[46],"The":[47,119],"fair":[50],"if":[51,60],"participants'":[52],"reported":[53],"confidence":[54,79],"was":[55,72,87,105],"well":[56],"calibrated,":[57],"positively":[58],"valued":[59],"underconfident,":[63],"unfavorable":[65],"when":[66],"overconfident.":[69],"Bet":[70],"acceptance":[71],"a":[73,125],"steep,":[74],"linear,":[75],"increasing":[76],"function":[77],"is":[81,124,132],"termed":[82],"paradoxical":[83],"betting.":[84],"This":[85],"pattern":[86],"generally":[88],"contrary":[89],"value":[92],"(considered":[95],"either":[96],"average":[98],"outcome":[99],"or":[100],"subjective":[102],"utility)":[103],"steeper":[106],"in":[107,116,135],"slope":[108],"than":[109],"matched":[110],"apparently":[113],"random":[114],"events":[115],"Experiment":[117],"3.":[118],"author":[120],"argues":[121],"fundamental":[126],"determinant":[127],"making":[130],"readily":[133],"incorporated":[134],"some":[136],"existing":[137],"models":[138],"weighting.":[141]},"counts_by_year":[{"year":2025,"cited_by_count":1},{"year":2024,"cited_by_count":2},{"year":2023,"cited_by_count":3},{"year":2022,"cited_by_count":2},{"year":2021,"cited_by_count":2},{"year":2020,"cited_by_count":3},{"year":2019,"cited_by_count":1},{"year":2018,"cited_by_count":5},{"year":2017,"cited_by_count":3},{"year":2016,"cited_by_count":1},{"year":2015,"cited_by_count":3},{"year":2014,"cited_by_count":8},{"year":2013,"cited_by_count":1},{"year":2012,"cited_by_count":3}],"updated_date":"2026-10-31T12:09:11.096373","created_date":"2016-06-24T00:00:00"}